1 Michael Townsend Ct, Newark, DE, 19702 | 6.45% Rental Yield

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1 Michael Townsend Ct, Newark, DE, 19702 | 6.45% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 1 Michael Townsend Ct, Newark, DE, 19702 listed at $714,900 pairs $3,840/mo rent with a $3,499/mo payment. Total monthly income runs $3,840/mo. Return on cash invested measures 18.55% in year one, and rental yield registers 6.45% at a $714,900 basis. Equity gained on principal adds $4,613/yr, and annual property appreciation at 5% supports $197,514 by year five. Five-year ROI tracks 94.97% and total cumulative return in cash totals $223,382. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,840/mo property income relative to a $3,499/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2002

10,454 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 1 Michael Townsend Ct! This stunning 5-bedroom, 3.5-bathroom home offers 3,650 square feet of beautifully remodeled living space on a desirable corner lot in Newark. From top to bottom, this residence has been updated with modern finishes while maintaining timeless charm. Step inside to a bright foyer that flows into the spacious living room. Continue into the inviting family room, featuring a cozy fireplace and a vaulted ceiling, which opens to the completely renovated eat-in kitchen with brand-new quartz countertops, a stylish backsplash, updated cabinetry, and direct access to the large deck and fully fenced backyardperfect for entertaining. To the right of the entrance, youll find a formal dining room, and further down the hall, a convenient first-floor office, laundry room, and powder room. Upstairs, the expansive primary suite includes a sitting area, two walk-in closets, and a luxurious en-suite bath with both a soaking tub and a stall shower. Three additional bedrooms share an updated hall bath, providing plenty of space for family or guests. Brand-new carpet upstairs complements the hardwood floors downstairs, while fresh paint throughout gives the home a crisp, move-in-ready feel. The fully finished basement offers even more living space with luxury vinyl plank flooring, a full bathroom, and an additional bedroomideal for an in-law suite, guests, or a private retreat. Other highlights include 9-foot ceilings throughout, all-new bathrooms with gorgeous tile work, a water softening system, roof (approx. 6 years old), HVAC (approx. 7 years old), and a freshly seal-coated driveway. Located in the highly sought-after Newark Charter School District, this home combines top-tier education options with a convenient Newark location. Dont miss this opportunity to own a completely remodeled homeschedule your private tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19702, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,212 (100%)
Owner Occupied HU	14,557 (65.5%)
Renter Occupied HU	6,887 (31.0%)
Vacant Housing Units	768 ( 3.5%)
Median Home Value	$366,125
Average Home Value	$375,328