36 Courtside Dr UNIT A-24DoverDE19904
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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
Rental property for sale in Dover at 36 Courtside Dr UNIT A-24, Dover, DE, 19904 generates $973/mo in rent and, after a $614/mo payment, leaves $247/mo in cash flow. Total monthly income is $973/mo, and annual cash flow is $2,965/yr on $41,603 invested. Return on cash invested sits at 27.04% in year one, and rental yield is 9.3% on a $125,500 entry. Equity gained on principal adds $810/yr, while 5% annual appreciation builds toward $34,673 over five years. Five-year ROI reaches 140.66% and total cumulative return in cash sums $58,518. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $973/mo property income rather than buyer’s personal income.
Condo
Built in 1978
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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