232B October Glory AveOcean ViewDE19970
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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
Investment Highlights
Investment property for sale in Ocean View at 232B October Glory Ave, Ocean View, DE, 19970 at $458,000 posts ROI 20.5% with $75/mo cash flow from $2,725/mo rent. Total monthly income equals $2,725/mo, and annual cash flow records $895/yr on $151,827 to close. Return on cash invested measures 20.5% and rental yield reads 7.14% at the current $458,000. Equity gained on principal adds $2,955/yr, and 5% annual appreciation supports $126,537 by year five. Five-year ROI prints 105.47% and total cumulative return in cash totals $160,137.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,725/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,474 (100%) |
| Owner Occupied HU | 4,415 (46.6%) |
| Renter Occupied HU | 454 ( 4.8%) |
| Vacant Housing Units | 4,605 (48.6%) |
| Median Home Value | $543,498 |
| Average Home Value | $597,639 |
Housing Distribution
Address Breakdown
Residential
6,980
Single Family
6,979
Multi-Family
1
Businesses
320
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Listed by: Brian Barrows • Monument Sotheby's International Realty
Mls Name: Bright MLS
Mls ID: #DESU2099684