1000 Fountainview Cir APT 105, Newark, DE, 19713 | $314/mo Cash Flow

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1000 Fountainview Cir APT 105, Newark, DE, 19713 | $314/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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76 Welsh Tract Rd #F306, Newark, DE, 19713

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 APT 105, Newark, DE, 19713 offers a 9.1% rental yield on a $175,000 purchase with $1,327/mo rent. Total monthly income registers $1,327/mo, and a $857/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,768/yr on $58,013 to close, and return on cash invested stands at 26.4% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 137.13% and total cumulative return in cash at $79,555. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,327/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2007

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this move-in-ready, one-bedroom, one-bath first-floor unit waiting to welcome its new residents! The open-concept layout features a spacious kitchen that flows seamlessly into the great room, which includes the dining and living areas. The kitchen boasts elegant granite counters, 42" antique white cabinets, and updated appliances, perfect for entertaining and everyday living. The primary bedroom is conveniently located off the great room, featuring a generous walk-in closet and a private bathroom with a large shower. Step outside to your private patio, accessible from the great room, ideal for relaxation. This unit includes a storage closet conveniently located just steps away in the hallway. The condo fee covers all essentialscommunity pool access, exterior maintenance, snow removal, trash service, landscaping, and hallway cleaningmaking for carefree living. The well-maintained community offers a beautifully landscaped setting managed by a friendly maintenance association. Ample parking is conveniently located close to the unit. Residents can enjoy the amenities of an active adult community, The Newark Senior Center, and Main Street Newark, known for its shops and restaurants, is just a short drive away. Perfectly situated near major highways and public transportation, the Village of Fountainview combines comfort, convenience, and affordability. Don't miss this fantastic opportunityschedule your visit today!