44 Courtside Dr APT B31DoverDE19904
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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 Dover at 44 Courtside Dr APT B31, Dover, DE, 19904 uses $41,438 cash to close to unlock $13,987/yr annual cash flow and $1,166/mo monthly cash flow. Total monthly income runs $1,889/mo, and a $612/mo payment keeps the spread at $1,166/mo. Purchase price stands at $125,000, and rental yield measures 18.13% with $1,889/mo rent. Return on cash invested shows 53.66% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 283.38% and total cumulative return in cash records $117,425. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,889/mo property income covering a $612/mo payment rather than investor’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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