14 Riverside Rd · Dover, DE 19904

$225,000

4 bd · 2.5 ba · 2,573 sqft · SingleFamily public records · 8 Days on market

Built 2005 0.29 ac lot $17/mo HOA · 1% of rent ↓ 15% since listing

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• DSCR +10.0/10.0
• 1% rule +8.2/10.0
• ARV discount +7.5/15.0
• Livability +3.4/5.0
• Rent growth +3.3/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Largest floorplan in Hidden Creek. Take advantage of this rare opportunity to purchase the Kenworth floor plan. This stately home sits on a corner lot. As you enter the home, you are warmly welcomed at the grand staircase and 2 story foyer. This home ls perfect for large gatherings. The formal living room and dining room is a huge open area that can be a huge dining room. There are gleaming hardwood floors throughout the first floor with the exception of the kitchen. The family room has 18-foot ceilings, a gas fireplace, and tons of windows offering natural light all day. The huge kitchen features 42 in cabinets, lots of counter space, center island, walk in pantry set up for large pots, ice maker. and stainless-steel appliances. The laundry room is located on the main floor with a slop sink. Off the kitchen is an outdoor oasis with 27' x 14' huge patio with fixed roof with 2 skylights and 3 ceilings fans, Johnny Weissmuller above ground pool with 15'x30' deck, private yard with lush mature landscaping, and a large 12'x 16' shed. The second floor features a large primary suite with vaulted ceilings, huge walk-in closet and spa bathroom with large corner tub and large shower. The remaining bedrooms are spacious. Bedrooms 2 and 3 have walk-in closets. The basement offers the 5th bedroom, full bath, and a soundproof rec room. The basements offer lots of room for additional living space and storage. one of the best features this home offers is the OWNED SOLAR PANELS with 10 KW. Enjoy low utility bills. This home has only had 1 owner and has been lovingly maintained. The roof was replaced in 2019, All upstairs carpeting and padding has been replaced. All rooms have ceiling fans, The home has central vac with 2 toe kicks. This home will not last long!

Key facts

• 0.29 acre lot
• 2 garage spots
• Pool

Property features AI

Finance

• Other: Lot dimensions approximately 113.08 x 153.87
• Financial info: Ownership: Fee simple
• HOA & community: HOA fee $200 annually

Exterior

• Parking: Attached garage with side entry and garage door opener; Two garage spaces (total)
• Security: No security features provided
• Utilities: Public water; Public sewer; Electric cooling and natural gas heating/hot water
• Home design: Detached single-family home; Built by Dilsheimer Homes; Vinyl siding; Double-pane windows
• Construction: Vinyl siding construction; Poured concrete foundation (partially finished full basement); Full basement, partially finished
• Exterior features: Corner lot with landscaping; Patio(s); Personal pool

Interior

• Kitchen: No kitchen appliance details provided
• Bedrooms: Four bedrooms on the upper level; One bedroom on the lower level
• Flooring: Hardwood flooring; Partially carpeted
• Bathrooms: Three full bathrooms; One half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning (electric); Natural gas hot water
• Interior features: Six-panel interior doors; Two-story ceilings with vaulted and 9'+ ceilings; Hardwood floors and partial carpeting; One fireplace (living area)
• Laundry & utility: No laundry or utility appliance details provided

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $927 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 11.2% vs local median 5.2% in Dover — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 67/100 on livability (#38 in DE) — a middle-class / working-renter tenant base. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools C-, crime F, commute F.
• Caesar Rodney School District (suburban): math 26% / reading 49% proficiency, ranked #9 of 26 in DE (top 35%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.3%/yr); 225 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 1,201 units permitted in Kent County in 2024 (116 in 5+ unit buildings).
• At $2,968/mo this rent would consume 53% of the median local household income ($67k/yr) (locally 1500% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 3.3% rent growth), your $63k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 8 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 78% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $225,000

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.32% ✓
• Cap rate: 11.24%
• Cash-on-cash: 17.67%
• DSCR: 1.79
• GRM: 6.3

CMA / ARV

• ARV (on-the-fly): $465,713
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
118 Creek Bend Rd	0.07mi	4/2.5	2,308 (-10%)	2mo	$425,000	$184	78
338 Crickle Creek Ln	0.19mi	4/2.5	2,489 (-3%)	11mo	$427,500	$172	76
307 Crickle Creek Ln	0.16mi	4/2.5	2,248 (-13%)	5mo	$399,900	$178	67
127 Creek Bend Rd	0.03mi	4/2.5	2,298 (-11%)	18mo	$444,000	$193	66
335 Crickle Creek Ln	0.22mi	4/2.5	2,204 (-14%)	23mo	$400,000	$181	46

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.3% rent growth · sell at horizon

5-year hold

• IRR: 9.4%
• Equity multiple: 1.37×
• Total profit: $23,470
• Equity at exit: $33,548

10-year hold

• IRR: 18.8%
• Equity multiple: 2.59×
• Total profit: $100,048
• Equity at exit: $19,454

Cash invested: $63,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 70 Landlord-Friendly
• State Delaware: 70 Landlord-Friendly · D+7
• County: — inherits STATE
• City: — inherits STATE

Court of Common Pleas hears L&T; moderate-paced. No state rent control.

Methodology + full state rankings →

ZIP-level market 19904

• Rents YoY: 3.3%
• Active inventory: 225
• Price-to-rent: 6.3×

Monthly cashflow live

• Estimated rent: $2,968 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$127 /mo · $1,519/yr
• Insurance: −$94
• HOA: −$17
• Vacancy / Maint / Mgmt: −$623
• Net cashflow: $927

Break-even live

Break-even rent $1,794

Max offer price $225,000

Occupancy floor 64%

Sensitivity live

Price	-10% $1,055	-5% $991	+0% $927	+5% $864	+10% $800
Rent	-10% $693	-5% $810	+0% $927	+5% $1,045	+10% $1,162
Rate	-1.0pp $1,041	-0.5pp $985	base $927	+0.5pp $869	+1.0pp $810

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
541 Ruth Way Dover, DE	4.0	2.5	1761	$3,200	$1.82	44d	1	0.98mi
629 Ruth Way Dover, DE	3.0–4.0	2.0–2.5	1665	$3,200	$1.92	44d	13	1.02mi

HOA detail

• Monthly dues: $17 · $204/yr
• Likely covers: gaslandscapingpool

Listing history 8 events

1. 2026-06-19
   days on market $225,000 Active 8 DOM
2. 2026-06-18
   days on market $225,000 Active 7 DOM
3. 2026-06-17
   days on market $225,000 Active 6 DOM
4. 2026-06-16
   days on market $225,000 Active 5 DOM
5. 2026-06-15
   days on market $225,000 Active 4 DOM
6. 2026-06-14
   days on market $225,000 Active 2 DOM
7. 2026-06-13
   remarks 683-char remark
8. 2026-06-13
   listed $225,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast DE · Partial reset (capped growth)

• Current annual tax: $1,519 · $127/mo
• Projected year-2 tax: $1,519 · $127/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥102°F today · 16 d/yr by 30 yrs out
• 💨 Wind 7/10 Severe 78% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,616
• − Mortgage interest: −$12,603
• − Property taxes: −$1,519
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,849
• − Management: −$2,849
• − HOA: −$204
• − Depreciation: −$6,545
• Taxable income: $7,920
• Est. tax owed @ 24.0%: −$1,901
• After-tax cash flow: $9,229/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Caesar Rodney School District
• NCES district ID: 1000180
• Math proficiency: 26% ▼ -21.00%
• Reading proficiency: 49% ▼ -14.00%
• Median HH income: $61,187
• Composite: 33.4/100
• National rank: #5475
• State rank: #9 of 26 in DE

Livability — Dover

• Score: 67/100
• State rank: #38
• US rank: #10574

Category grades

Amenities A+ Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dover, DE
• County: Kent County · 82,184 people
• City population: 76,581
• Metro: Dover, DE
• Population (ZIP): 38,818
• Household income: $66,908
• Rent vs Own: 38.0% rent · 62.0% own
• Severe rent burden: 1500.0

Population outlook (Kent County) Hauer SSP2

• Today (2025): 194,477 people
• By 2030: 204,351 · +5.1%
• By 2040: 222,135 · +14.2%
• By 2050: 236,483 · +21.6%
• By 2075: 266,327 · +36.9%
• By 2100: 275,335 · +41.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 48% Black 35% Two or more races 9% Hispanic / Latino 8% Asian 3%
• Hispanic origin (detail): Mexican 1% Puerto Rican 4%
• Common ancestry: Hispanic 3% Romanian 2% Slovak 2%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 87% English-only · Spanish 5% French/Haitian/Cajun 3% German/W. Germanic 1%

Political lean MEDSL · Kent

• 2024 margin: Toss-up / Even · D 50.2% · R 48.2% · Other 1.7%
• 2008→2024 swing: -7.8pp toward R · 2008: 9.8pp · 2024: 2.0pp
• All cycles: 2024: D+2.0 2020: D+4.1 2016: R+4.9 2012: D+4.9 2008: D+9.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -112.03%
• Current HPI: 187.6879
• Rent YoY: ▲ 3.30%
• Metro: Dover, DE
• State GDP YoY: —
• F500 in state: 0

Price history

-15.0% since first listed

20 events — show timeline

• 2026-06-11 Listed $225,000 BRIGHT MLS
• 2025-12-01 Listing Removed — BRIGHT MLS
• 2025-07-06 Price Changed $500,000 BRIGHT MLS
• 2025-06-22 Listed $510,000 BRIGHT MLS
• 2025-06-17 Coming Soon — BRIGHT MLS
• 2024-01-05 Sold (MLS) $489,000 BRIGHT MLS
• 2023-12-23 Pending — BRIGHT MLS
• 2023-12-13 Contingent — BRIGHT MLS
• 2023-11-29 Price Changed $489,000 BRIGHT MLS
• 2023-11-20 Price Changed $484,900 BRIGHT MLS
• 2023-11-09 Relisted — BRIGHT MLS
• 2023-11-08 Contingent — BRIGHT MLS
• 2023-10-17 Pending — BRIGHT MLS
• 2023-10-04 Relisted — BRIGHT MLS
• 2023-10-03 Contingent — BRIGHT MLS
• 2023-10-02 Relisted — BRIGHT MLS
• 2023-09-11 Pending — BRIGHT MLS
• 2023-09-05 Listed $489,000 BRIGHT MLS
• 2023-08-27 Coming Soon $489,000 BRIGHT MLS
• 2005-08-12 Sold (Public Records) $264,844 Public Records

Property tax history

+1.8%/yr

Latest (2025): $1,519 · +1.9% YoY. Source: county tax records.