232 Rojan Rd #12DoverDE19901
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.35% yield at 232 Rojan Rd #12, Dover, DE, 19901 in Dover is solid, but the $1,428/mo payment compresses net cash flow to $108/mo at $317,500. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $87,719 by year five, and $2,924/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.36) without U.S. income documentation. Total projected return: $126,759.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.8% |
| Monthly Cash Flow | $108 | $850 |
City averages based on Dover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,945 |
| Total Monthly Debt Service | $1,711 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Townhouse
Built in N/A
4,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19901, Dover, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,735 (100%) |
| Owner Occupied HU | 8,921 (56.7%) |
| Renter Occupied HU | 5,654 (35.9%) |
| Vacant Housing Units | 1,160 ( 7.4%) |
| Median Home Value | $326,344 |
| Average Home Value | $326,110 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
13,907
Multi-Family
1,167
Businesses
1,370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Townhouse
Built in N/A
4,480 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19901, Dover, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,735 (100%) |
| Owner Occupied HU | 8,921 (56.7%) |
| Renter Occupied HU | 5,654 (35.9%) |
| Vacant Housing Units | 1,160 ( 7.4%) |
| Median Home Value | $326,344 |
| Average Home Value | $326,110 |
Housing Distribution
Address Breakdown
Residential
15,074
Single Family
13,907
Multi-Family
1,167
Businesses
1,370
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices