614 Loveville Rd APT D05HHockessinDE19707
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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
Rental property for sale in Hockessin at 614 Loveville Rd APT D05H, Hockessin, DE, 19707 generates $2,531/mo in rent, after a $1,860/mo payment. Total monthly income is $2,531/mo. Return on cash invested sits at 15.97% in year one, and rental yield is 7.99% on a $380,000 entry. Equity gained on principal adds $2,452/yr, while 5% annual appreciation builds toward $104,987 over five years. Five-year ROI reaches 83.77% and total cumulative return in cash sums $105,529. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,531/mo property income rather than buyer’s personal income.
Condo
Built in 1974
N/A 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 |
Housing Distribution
Address Breakdown
Residential
6,403
Single Family
5,870
Multi-Family
533
Businesses
701
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Listed by: James Jung • Foraker Realty Co.
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2074948
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