513 Pershing Rd, Hockessin, DE, 19707 | $159/mo Cash Flow

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513 Pershing Rd, Hockessin, DE, 19707 | $159/mo Cash Flow | Ziffy

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 Hockessin at 513 Pershing Rd, Hockessin, DE, 19707 priced at $514,900 converts $3,138/mo rent into $159/mo cash flow after a $2,520/mo obligation. Total monthly income equals $3,138/mo, and annual cash flow totals $1,907/yr on $169,402 invested. Return on cash invested prints 21.19% in year one, and rental yield reads 7.31% against a $514,900 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,257 by year five. Five-year ROI reaches 109.12% and total cumulative return in cash sums $184,854. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,138/mo property income covering a $2,520/mo payment, not borrower’s personal income.

Single Family

Built in 1970

10,019 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this updated Colonial style home located in the desirable area of Hockessin, DE. This spacious 4-bedroom, 2.1-bathroom residence offers comfort and convenience across its two levels. Upon entering, you are greeted by a welcoming living space ideal for relaxation and entertaining. New quartz counter tops and recess lighting. The kitchen boasts modern amenities and ample storage, making meal preparation a breeze. Adjacent to the kitchen is a cozy dining area. Upstairs, you will find the four well-appointed bedrooms, Updated bathrooms with tile and hardwood floors across the entire second level. The primary bedroom features an en-suite bathroom ensuring privacy and comfort. Additionally, this home is equipped with central A/C and forced air heating for year-round comfort. The property's location in Hockessin provides easy access to local amenities, schools, and shopping, making it an ideal place to call home. Don't miss out on the opportunity to make this delightful property your own. Schedule a showing today and experience all that this home has to offer.

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