5 Ridgewood Dr, Hockessin, DE, 19707 | $296/mo Cash Flow

For Sale

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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 Hockessin at 5 Ridgewood Dr, Hockessin, DE, 19707 priced at $479,900 pairs $3,073/mo rent with $296/mo cash flow after a $2,349/mo payment. Total monthly income equals $3,073/mo, and annual cash flow comes to $3,553/yr on $159,087 invested. Return on cash invested is 22.14% in year one, and rental yield stands at 7.68% on a $479,900 basis. Equity gained on principal adds $3,097/yr, and 5% annual appreciation accumulates to $132,588 by year five. Five-year ROI measures 114.31% and total cumulative return in cash reaches $181,857. For financing, Ziffy Mortgage’s DSCR program evaluates $3,073/mo property income against a $2,349/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1979

10,019 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19707, Hockessin, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,502 (100%)
Owner Occupied HU	5,823 (89.6%)
Renter Occupied HU	502 ( 7.7%)
Vacant Housing Units	177 ( 2.7%)
Median Home Value	$556,921
Average Home Value	$573,991