Cordoba Plan, K. Hovnanian's® Four Seasons at Hatteras HillsMagnoliaDE19962
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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 Magnolia at Cordoba Plan, K. Hovnanian's® Four Seasons at Hatteras Hills, Magnolia, DE, 19962 offers $3,395/mo rent that, after a $2,467/mo payment, leaves $479/mo cash flow. Total monthly income is $3,395/mo, and annual cash flow is $5,743/yr on $165,813 cash. Return on cash invested measures 23.52% in year one, and rental yield stands at 8.08% at a $503,990 entry. Equity gained on principal adds $3,252/yr while 5% annual appreciation compounds into $139,243 by year five. Five-year ROI records 121.67% and total cumulative return in cash reaches $201,744. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,395/mo property income versus a $2,467/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19962, Magnolia, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,236 (100%) |
| Owner Occupied HU | 4,190 (80.0%) |
| Renter Occupied HU | 864 (16.5%) |
| Vacant Housing Units | 182 ( 3.5%) |
| Median Home Value | $403,559 |
| Average Home Value | $400,849 |
Housing Distribution
Address Breakdown
Residential
5,202
Single Family
5,202
Multi-Family
0
Businesses
83
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