11 Pierson 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
Investment property for sale in New Castle at 11 Pierson Pl, New Castle, DE, 19720 with 5% annual appreciation on a $300,000 basis while $2,137/mo rent supports operations. Total monthly income totals $2,137/mo and a $1,468/mo payment preserves $402/mo for cash returns. Annual cash flow comes to $4,818/yr on $99,450 deployed, and return on cash invested reaches 24.75% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.55%. Five-year ROI measures 128.3% and total cumulative return in cash totals $127,596.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,137/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
6,098 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: Marc Pollak • Empower Real Estate, LLC
Mls Name: Bright MLS
Mls ID: #DENC2095904