36380 Old Mill RdOcean 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 36380 Old Mill Rd, Ocean View, DE, 19970 uses $84,533 cash to close to unlock $10,208/yr annual cash flow and $851/mo monthly cash flow. Total monthly income runs $2,326/mo, and a $1,248/mo payment keeps the spread at $851/mo. Purchase price stands at $255,000, and rental yield measures 10.95% with $2,326/mo rent. Return on cash invested shows 31.98% in year one, and 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 167.08% and total cumulative return in cash records $141,236. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,326/mo property income covering a $1,248/mo payment rather than investor’s personal income.
Manufactured
Built in 2019
10,018 sqft 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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