253 Grove View DrHockessinDE19707
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
Investment Highlights
Rental property for sale in Hockessin at 253 Grove View Dr, Hockessin, DE, 19707 priced at $669,900 pairs $2,994/mo rent with after a $3,279/mo payment. Total monthly income equals $2,994/mo. Return on cash invested is 15.26% in year one, and rental yield stands at 5.36% on a $669,900 basis. Equity gained on principal adds $4,323/yr, and 5% annual appreciation accumulates to $185,081 by year five. Five-year ROI measures 77.33% and total cumulative return in cash reaches $170,433. For financing, Ziffy Mortgage’s DSCR program evaluates $2,994/mo property income against a $3,279/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2025
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19707, Hockessin, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,502 (100%) |
| Owner Occupied HU | 5,823 (89.6%) |
| Renter Occupied HU | 502 ( 7.7%) |
| Vacant Housing Units | 177 ( 2.7%) |
| Median Home Value | $556,921 |
| Average Home Value | $573,991 |
Housing Distribution
Address Breakdown
Residential
6,403
Single Family
5,870
Multi-Family
533
Businesses
701
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices