For SaleNeutral Deal15 days on market
3111 Leipsic Rd
3111 Leipsic Rd, Dover, DE 19901, Dover, DE 19901
$550,000
Estimate®:$768,400$218,400 Under Market
Listing Price
3111 Leipsic Rd, Dover, DE 19901
Loc: Dover, DE
Days Listed
15
Tax Assessed
$591k
Estimate®
$768k
28% Under Valued
Lot Size
2.20 acres
Rent Estimate
$4,491/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
5
Towne Point Elementary School
K-4
2.4 mi away
1
Middle School of Innovation
6-8
2.6 mi away
N/A
Dover High School
9-12
4.7 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Single Family Residence1989None, PropaneOther, Electric5 Attached Garage spaces2.20 Acres14 Days$93
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.58%
Total ROI
102.0%
Cash Flow
$164/mo
DSCR
1.06
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $164/mo net cash flow with a 6.6% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.6%)
- • Strong rental demand in Dover
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,501.07 | $590,600 |
| 2024 | $3,382.36 | $590,600 |
| 2023 | $2,925.91 | $98,300 |
| 2022 | $2,830.06 | $98,300 |
| 2021 | $2,727.04 | $98,300 |
| 2020 | $2,634.94 | $98,300 |
| 2019 | $2,492.89 | $98,300 |
| 2018 | $2,278.4 | $98,300 |
| 2017 | $1,878.4 | $98,300 |
| 2016 | $1,749.01 | $98,300 |
| 2015 | $1,747.13 | $98,300 |
| 2014 | $1,752.74 | $98,300 |
| 2012 | $0 | $98,300 |
| 2011 | $0 | $98,300 |
| 2010 | $0 | $98,300 |
| 2009 | $0 | $94,700 |
| 2008 | $0 | $94,700 |
| 2007 | $0 | $94,700 |
| 2005 | $0 | $91,300 |
| 2004 | $0 | $91,300 |
| 2002 | $0 | $91,300 |
| 2001 | $0 | $91,300 |
| 2000 | $755.5 | $91,300 |
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