238 S Governors BlvdDoverDE19901
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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
Rental property for sale in Dover at 238 S Governors Blvd, Dover, DE, 19901 priced at $188,000 converts $1,465/mo rent into $377/mo cash flow after a $920/mo obligation. Total monthly income equals $1,465/mo, and annual cash flow totals $4,528/yr on $62,322 invested. Return on cash invested prints 27.18% in year one, and rental yield reads 9.35% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 141.31% and total cumulative return in cash sums $88,064. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,465/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1954
8,233 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
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