12 Defoe Cir, Newark, DE, 19702 | $98/mo Cash Flow

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12 Defoe Cir, Newark, DE, 19702 | $98/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

Investment property for sale in Newark at 12 Defoe Cir, Newark, DE, 19702 offers a 7.32% rental yield on a $315,000 purchase with $1,921/mo rent. Total monthly income registers $1,921/mo, and a $1,542/mo payment leaves $98/mo available for distribution. Annual cash flow reaches $1,178/yr on $104,423 to close, and return on cash invested stands at 21.04% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 108.4% and total cumulative return in cash at $113,189. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,921/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1980

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautiful brick ranch offering 3 bedrooms and 2 full baths in a desirable Newark location! Step inside to a welcoming living room with brand-new carpeting that flows throughout the main living and bedroom areas. The bright, well-maintained kitchen features white cabinetry, coordinating white appliances includes a refrigerator, stove, over-the-range microwave, tile flooring, and a stylish glass tile backsplash. The adjoining laundry and utility area add everyday convenience. The spacious primary suite that was previously an in-law-suite includes a large walk-in closet and a white-washed brick accent wall adding warmth and character. There is also an additional part of the bedroom that you step into; upon entering, you are greeted by laminate wood flooring. This area can be utilized as an office, sitting room, or your own private space to relax. The private bath features a walk-in shower with a subway tile surround, a decorative accent border, and a stylish vanity. Two additional bedrooms share a centrally located full bath with a tub/shower combo, tile surround, ceramic flooring, vanity, and updated fixtures. The home has been freshly painted and includes central air, propane heat, and efficient electric baseboard heating for additional energy-efficient comfort. Exterior highlights include an oversized driveway, large fenced backyard, concrete patio, storage shed, and attractive landscaping. Move-in ready and full of charmschedule your tour today and please dont forget to view the Virtual Tour!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19702, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,212 (100%)
Owner Occupied HU	14,557 (65.5%)
Renter Occupied HU	6,887 (31.0%)
Vacant Housing Units	768 ( 3.5%)
Median Home Value	$366,125
Average Home Value	$375,328