36 Courtside Dr APT A24DoverDE19904
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 Dover at 36 Courtside Dr APT A24, Dover, DE, 19904 priced at $125,900 converts $1,253/mo rent into $141/mo cash flow after a $616/mo obligation. Total monthly income equals $1,253/mo, and annual cash flow totals $1,689/yr on $41,736 invested. Return on cash invested prints 23.96% in year one, and rental yield reads 11.94% against a $125,900 entry. Equity gained on principal adds $812/yr, while 5% annual appreciation compiles into $34,784 by year five. Five-year ROI reaches 128.03% and total cumulative return in cash sums $53,436. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,253/mo property income covering a $616/mo payment, not borrower’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19904, Dover, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,822 (100%) |
| Owner Occupied HU | 10,137 (64.1%) |
| Renter Occupied HU | 4,740 (30.0%) |
| Vacant Housing Units | 945 ( 6.0%) |
| Median Home Value | $328,152 |
| Average Home Value | $331,931 |
Housing Distribution
Address Breakdown
Residential
15,492
Single Family
14,609
Multi-Family
883
Businesses
937
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Nearby investment properties with comparable prices
Listed by: Karen L Waters • RE/MAX Horizons
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DEKT2033372
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