614 Loveville Rd #E-05CHockessinDE19707
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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 Hockessin at 614 Loveville Rd #E-05C, Hockessin, DE, 19707 uses $119,009 cash to close to unlock $11,003/yr annual cash flow and $917/mo monthly cash flow. Total monthly income runs $2,994/mo, and a $1,757/mo payment keeps the spread at $917/mo. Purchase price stands at $359,000, and rental yield measures 10.01% with $2,994/mo rent. Return on cash invested shows 29.15% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 151.89% and total cumulative return in cash records $180,763. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,994/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Condo
Built in 1973
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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