11 Mitchell Cir,Newark,DE,19713

Investment Highlights

Investment property for sale in Newark at 11 Mitchell Cir, Newark, DE, 19713 uses $74,554 cash to close to unlock $3,294/yr annual cash flow and $274/mo monthly cash flow. Total monthly income runs $1,576/mo, and a $1,101/mo payment keeps the spread at $274/mo. Purchase price stands at $224,900, and rental yield measures 8.41% with $1,576/mo rent. Return on cash invested shows 24.33% in year one, and 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 126.01% and total cumulative return in cash records $93,949. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,576/mo property income covering a $1,101/mo payment rather than investor’s personal income.