62 October Glory Ave #HOcean ViewDE19970
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Ocean View at 62 October Glory Ave #H, Ocean View, DE, 19970 with 5% annual appreciation on a $474,900 basis while $2,641/mo rent supports operations. 1% in year one. Equity gained on principal adds $3,064/yr, and five-year appreciation sums $131,206 alongside rental yield of 6.67%. Five-year ROI measures 97.96% and total cumulative return in cash totals $154,223. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,641/mo property income versus a $2,324/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19970, Ocean View, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,474 (100%) |
| Owner Occupied HU | 4,415 (46.6%) |
| Renter Occupied HU | 454 ( 4.8%) |
| Vacant Housing Units | 4,605 (48.6%) |
| Median Home Value | $543,498 |
| Average Home Value | $597,639 |
Housing Distribution
Address Breakdown
Residential
6,980
Single Family
6,979
Multi-Family
1
Businesses
320
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Shannon Taylor • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DESU2101554