3 Heatherstone Way, Hockessin, DE, 19707 | 6.65% Rental Yield

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3 Heatherstone Way, Hockessin, DE, 19707 | 6.65% Rental Yield | Ziffy

For Sale

Listed for sale 5 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Hockessin at 3 Heatherstone Way, Hockessin, DE, 19707 offers $4,098/mo rent that, after a $3,621/mo payment. Total monthly income is $4,098/mo. Return on cash invested measures 19.16% in year one, and rental yield stands at 6.65% at a $739,900 entry. Equity gained on principal adds $4,774/yr while 5% annual appreciation compounds into $204,421 by year five. Five-year ROI records 98.27% and total cumulative return in cash reaches $239,211. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,098/mo property income versus a $3,621/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1990

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Hockessin beauty located in the sought-after community of Hockessin Hunt. This 4-bedroom, 3.5-bath home is in the North Star Elementary feeder pattern (so close you can walk to the school) and is loaded with upgrades, including an incredible Pool. Upgraded LVP flooring extends throughout the first floor, which features a formal living room and dining room (the living room is currently used as an office), a family room with fireplace, and a gorgeous custom cherry kitchen with granite countertops, stainless steel appliances, backsplash, island, and vaulted breakfast area. An expansive deck is located off kitchen and overlooks captivating in-ground pool, complete with changing/storage shed. Upstairs you'll find four roomy bedrooms, and two remodeled full baths. The primary suite offers an impressive ensuite bath, a walk-in closet, and a sitting room that has been converted into an expansive walk-in closet with built-ins. The finished lower level, complete with a full bath and bar, provides the new owner with an abundance of additional living space. Additional features include a remodeled powder room, first-floor laundry room, and an oversized 2-car turned garage. Super convenient to shopping, restaurants, gym, golf, and more!

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