40 S Governors Ave, Dover, DE, 19904 | $33/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Dover at 40 S Governors Ave, Dover, DE, 19904 priced at $250,000 converts $1,480/mo rent into $33/mo cash flow after a $1,224/mo obligation. Total monthly income equals $1,480/mo, and annual cash flow totals $397/yr on $82,875 invested. Return on cash invested prints 20.39% in year one, and rental yield reads 7.1% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 104.93% and total cumulative return in cash sums $86,962. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,480/mo property income covering a $1,224/mo payment, not borrower’s personal income.

Single Family

Built in 1900

8,886 sqft 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