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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 118 Phyllis Dr, Newark, DE, 19711 offers a 10.83% rental yield on a $332,500 purchase with $3,000/mo rent. Total monthly income registers $3,000/mo, and a $1,627/mo payment leaves $1,042/mo available for distribution. Annual cash flow reaches $12,503/yr on $110,224 to close, and return on cash invested stands at 31.25% in year one. Equity gained on principal adds $2,146/yr while 5% annual appreciation supports $91,864 over five years. Portfolio math shows five-year ROI at 163.27% and total cumulative return in cash at $179,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,000/mo property income against a $1,627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19711, Newark, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,208 (100%) |
| Owner Occupied HU | 13,334 (60.0%) |
| Renter Occupied HU | 6,641 (29.9%) |
| Vacant Housing Units | 2,233 (10.1%) |
| Median Home Value | $405,647 |
| Average Home Value | $449,152 |
Residential
21,228
Single Family
18,177
Multi-Family
3,051
Businesses
1,045
Date | Event | Price |
|---|---|---|
| 2025-03-28 | Listed for sale | $332,500 |
| 2022-06-21 | Sold | $316,000 |
| 2022-05-03 | Pending sale | $316,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $2312.17 | 2.82% | $54,300 | N/A |
| 2023-04-08 | $2248.82 | 0.23% | $54,300 | N/A |
| 2022-04-08 | $2243.57 | 2.15% | $54,300 | N/A |
Listed by: William Sladek • Redfin Corporation
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2078532
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
