3 Savage LnOcean 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 3 Savage Ln, Ocean View, DE, 19970 at $650,000 posts ROI 11.27% with from $2,194/mo rent. Total monthly income equals $2,194/mo. Return on cash invested measures 11.27% and rental yield reads 4.05% at the current $650,000. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 by year five. Five-year ROI prints 55.96% and total cumulative return in cash totals $119,666. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,194/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
0.77 Acres 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: NICOLE PETERDOZZI • Coldwell Banker Realty
Mls Name: Bright MLS
Mls ID: #DESU2096210