104 South PlNew 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
Rental property for sale in New Castle at 104 South Pl, New Castle, DE, 19720 priced at $295,000 converts $2,474/mo rent into $767/mo cash flow after a $1,444/mo obligation. Total monthly income equals $2,474/mo, and annual cash flow totals $9,204/yr on $97,793 invested. Return on cash invested prints 29.32% in year one, and rental yield reads 10.06% against a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation compiles into $81,503 by year five. Five-year ROI reaches 152.77% and total cumulative return in cash sums $149,402. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,474/mo property income covering a $1,444/mo payment, not borrower’s personal income.
Single Family
Built in 1948
7,841 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: Greg Hayes • United Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2087176