123 E 2nd St, New Castle, DE, 19720 | 6.4% Rental Yield

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123 E 2nd St, New Castle, DE, 19720 | 6.4% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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 New Castle at 123 E 2nd St, New Castle, DE, 19720 offers a 6.4% rental yield on a $575,000 purchase with $3,068/mo rent. 42% in year one. Equity gained on principal adds $3,710/yr while 5% annual appreciation supports $158,862 over five years. Portfolio math shows five-year ROI at 94.31% and total cumulative return in cash at $178,403. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,068/mo property income against a $2,814/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 1984

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming brick home with a prime location in the Old New Castle Historic District. This gem boasts 3 bedrooms and 3.1 bathrooms spread out over 2.5 levels/stories. The main level features an open, spacious living room/dining room area with a gas fireplace, crown molding and chair rail details. It is the perfect space to entertain. The kitchen has ample cabinets and is large enough for a table and chairs. There are beautiful hardwood floors on the main level and second floor, along with an abundance of windows that flood the space with natural light. The second floor has the large primary bedroom with attached bathroom, laundry area, full, tile, hall bath and second bedroom. The third-floor bedroom can be easily transformed into an office, studio, playroom, or whatever suits your needs and comes with an added bonus - a glimpse of the Delaware River. There is a cozy, brick courtyard between the house and the garage. That's right, I said garage! The oversized one-car garage is that oh-so-hard-to-find feature in the historic district that will have you making an immediate offer. The full basement gives you plenty of room for storage. Additional amenities include central A/C and forced air heating for comfort year-round. The gas heater, central air conditioning and roof were all installed in 2020. With the added bonus of a garage, this property truly has it all. You are just steps away from the Delaware River, Battery Park, shops, restaurants and the library. Don't miss the opportunity to own this one-of-a-kind home in the heart of historic New Castle.

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

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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59 E Shady Dr, Newark, DE, 19713

3 Bed
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520 Janvier Dr, Middletown, DE, 19709

4 Bed
3 Bath
2375 sft

8 Spur Ridge Ct, Newark, DE, 19702

3 Bed
3 Bath
1881 sft

916 Sugar Pine Dr, Bear, DE, 19701

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2 Pegasus Pl, Bear, DE, 19701

4 Bed
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460 Welsh Hill Rd, Newark, DE, 19702

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Townhouse
Year Built: 1984
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Garage Faces Rear, Garage Door Opener, Oversized, Detached, Driveway

Location

City: New Castle
State: DE
Subdivision: N/A
Lot Size: 2,178 sqft
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Chris Cashman • Patterson-Schwartz-Newark

Mls Name: Bright MLS

Mls ID: #DENC2090666

123 E 2nd St,New Castle,DE,19720

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

123 E 2nd StNew CastleDE19720