1000 Fountainview Cir #1113, Newark, DE, 19713 | $685/mo Cash Flow

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1000 Fountainview Cir #1113, Newark, DE, 19713 | $685/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 1000 Fountainview Cir #1113, Newark, DE, 19713 listed at $199,000 pairs $1,836/mo rent with a $974/mo payment to leave $685/mo cash flow. Total monthly income runs $1,836/mo, and annual cash flow reaches $8,215/yr on $65,969 cash to close. Return on cash invested measures 32.36% in year one, and rental yield registers 11.07% at a $199,000 basis. Equity gained on principal adds $1,284/yr, and annual property appreciation at 5% supports $54,980 by year five. Five-year ROI tracks 169.13% and total cumulative return in cash totals $111,570. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,836/mo property income relative to a $974/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Apartment

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

This garden-level condo offers the perfect blend of comfort and convenience in a vibrant 55+ community. Just minutes from shopping, dining, and downtown Newark, youll also enjoy nearby access to the Newark Senior Center and the University of Delaware. The open layout features a modern kitchen with a breakfast bar, flowing into a bright living space with sliding doors to your private balcony overlooking the landscaped courtyard and pool. The spacious primary suite includes a walk-in closet and oversized bath, while a second bedroom and hall bath provide flexibility for guests or office use. A laundry room, nearby storage closet, and recent water heater upgrade add everyday ease. Community amenities include a sparkling outdoor pool, clubhouse, and plenty of activities and social opportunities year-round. Move-in ready and meticulously maintained, this home is priced to sellschedule your tour today!