1203 Independence Way #6, Newark, DE, 19713 | $419/mo Cash Flow

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1203 Independence Way #6, Newark, DE, 19713 | $419/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 1203 Independence Way #6, Newark, DE, 19713 offers a 8.99% rental yield on a $245,000 purchase with $1,836/mo rent. Total monthly income registers $1,836/mo, and a $1,199/mo payment leaves $419/mo available for distribution. Annual cash flow reaches $5,023/yr on $81,218 to close, and return on cash invested stands at 26.09% in year one. Equity gained on principal adds $1,581/yr while 5% annual appreciation supports $67,689 over five years. Portfolio math shows five-year ROI at 135.5% and total cumulative return in cash at $110,052. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,836/mo property income against a $1,199/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1997

N/A lot

$N/A/sqft

No HOA

More details about the property

This beautiful oversized 2 bedroom/2 bathroom condo has over 1,100 square feet. This active adult (55+) community offers one level living with elevator access to the 2nd floor. If you still desire to be active, the steps lead you right to the door from the Garage - 1203. Entertain your guests in your dining room or eat-in kitchen nook area. Your bedrooms are side by side and each have plenty of storage space in the closets. This home also comes with in-unit laundry, private balcony for your cup of Joe in the morning, and an additional storage closet, and lets not forget your 1 car garage. Not to mention, the community has a community clubhouse, and the condo fee covers exterior maintenance, common grounds, trash, and snow removal. Minutes to Christiana Mall, shops, restaurants, grocery stores, & more! Centrally located to I-95. Dont miss out on the opportunity to make this your new home!