104 Garfield AveNew CastleDE19720
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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
Investment Highlights
Investment property for sale in New Castle at 104 Garfield Ave, New Castle, DE, 19720 uses $106,080 cash to close to unlock $5,492/yr annual cash flow and $458/mo monthly cash flow. Total monthly income runs $2,309/mo, and a $1,566/mo payment keeps the spread at $458/mo. Purchase price stands at $320,000, and rental yield measures 8.66% with $2,309/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $88,410 over five years. Five-year ROI reaches 130.08% and total cumulative return in cash records $137,991. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,309/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1950
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19720, New Castle, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,484 (100%) |
| Owner Occupied HU | 16,788 (68.6%) |
| Renter Occupied HU | 6,754 (27.6%) |
| Vacant Housing Units | 942 ( 3.8%) |
| Median Home Value | $299,178 |
| Average Home Value | $336,568 |
Housing Distribution
Address Breakdown
Residential
22,945
Single Family
20,868
Multi-Family
2,077
Businesses
1,721
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Listed by: Cynthia Chubb • RE/MAX Associates-Wilmington
Mls Name: Bright MLS
Mls ID: #DENC2095110