538 Erickson Ave, Hockessin, DE, 19707 | 5.74% Rental Yield

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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

Total monthly income runs $3,011/mo, and a $3,083/mo payment. Purchase price stands at $629,900, and rental yield measures 5.74% with $3,011/mo rent. Return on cash invested shows 16.39% in year one, and 5% annual appreciation builds toward $174,030 over five years. Five-year ROI reaches 83.41% and total cumulative return in cash records $172,863. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,011/mo property income covering a $3,083/mo payment rather than investor’s personal income.

Single Family

Built in 2025

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