30609 Cedar Neck Rd #3109Ocean ViewDE19970
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
Investment property for sale in Ocean View at 30609 Cedar Neck Rd #3109, Ocean View, DE, 19970 listed at $335,000 pairs $2,298/mo rent with a $1,640/mo payment. Total monthly income runs $2,298/mo. Return on cash invested measures 19.3% in year one, and rental yield registers 8.23% at a $335,000 basis. Equity gained on principal adds $2,162/yr, and annual property appreciation at 5% supports $92,554 by year five. Five-year ROI tracks 100.68% and total cumulative return in cash totals $111,812. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,298/mo property income relative to a $1,640/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Apartment
Built in 2023
7 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: cynthia NAGEL • Keller Williams Realty Delmarva
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DESU2081930
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