108 Michaels Ln, Newark, DE, 19713 | $587/mo Cash Flow

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108 Michaels Ln, Newark, DE, 19713 | $587/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Rental property for sale in Newark at 108 Michaels Ln, Newark, DE, 19713 priced at $499,900 pairs $3,480/mo rent with $587/mo cash flow after a $2,447/mo payment. Total monthly income equals $3,480/mo, and annual cash flow comes to $7,047/yr on $165,717 invested. Return on cash invested is 24.16% in year one, and rental yield stands at 8.35% on a $499,900 basis. Equity gained on principal adds $3,226/yr, and 5% annual appreciation accumulates to $138,113 by year five. Five-year ROI measures 125.13% and total cumulative return in cash reaches $207,360. For financing, Ziffy Mortgage’s DSCR program evaluates $3,480/mo property income against a $2,447/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1993

0.34 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 108 Michaels Lane! This spacious and well cared for home is located on a cul-de-sac, in a rarely available, small, neighborhood that is close to everything with the feeling of being tucked away in the woods. The main floor features a two-story foyer, formal living room and dining room, large eat-in kitchen with an island and over-sized pantry, family room with wood burning stove, bonus room off the family room along with access to the three-car garage. Upstairs is the generously sized primary bedroom with private bath and walk-in closet, three additional bedroom, full bathroom, and laundry room. The unfinished basement offers plenty of storage with tons of potential for the next owner to make it their own. This rarely available gem is not going to last long, schedule your private tour today! The seller's have never lived in the property and are selling the property AS-IS.

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

Nearby investment properties with comparable rents

5 Bed
4 Bath
2144 sft

3 Goldspire Dr, Elkton, MD, 21921

3 Bed
3 Bath
2300 sft

218 W General Grey Ct, Newark, DE, 19702

3 Bed
3 Bath
2328 sft

151 2nd St, Chesapeake City, MD, 21915

4 Bed
3 Bath
2575 sft

13 Berley Ct, Newark, DE, 19702

Nearby investment properties with comparable prices

4 Bed
3 Bath
2050 sft

10 Lotus Cir N, Bear, DE, 19701

2 Bed
3 Bath
2325 sft

277 Anglesey Dr, Middletown, DE, 19709

2 Bed
2 Bath
1572 sft

48 Bluff Rd, Earleville, MD, 21919

3 Bed
3 Bath
2300 sft

6 Lotus Cir N, Bear, DE, 19701

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: SingleFamily
Year Built: 1993
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Garage Faces Side, Garage Door Opener, Inside Entrance, Oversized, Attached, Driveway

Location

City: Newark
State: DE
Subdivision: N/A
Lot Size: 0.34 Acres
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Brian Hadley • Patterson-Schwartz-Hockessin

Mls Name: Bright MLS

Mls ID: #DENC2086892

108 Michaels Ln,Newark,DE,19713

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

108 Michaels LnNewarkDE19713