13 Carnegie Ct, Newark, DE, 19713 | $1,087/mo Cash Flow

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13 Carnegie Ct, Newark, DE, 19713 | $1,087/mo Cash Flow | Ziffy

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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 13 Carnegie Ct, Newark, DE, 19713 with 5% annual appreciation on a $390,000 basis while $3,344/mo rent supports operations. Total monthly income totals $3,344/mo and a $1,909/mo payment preserves $1,087/mo for cash returns. Annual cash flow comes to $13,047/yr on $129,285 deployed, and return on cash invested reaches 30% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 10.29%. Five-year ROI measures 156.45% and total cumulative return in cash totals $202,268.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,344/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1966

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

This beautiful home has updates throughout that provide a fresh and modern aesthetic, offering the best in contemporary living. As you approach the front door, you'll immediately notice the oversized driveway with plenty of space for extra cars or guests. You're greeted with laminate wood floors and a an open floor plan as you walk inside. The living room flows into the dining / kitchen area which is complete with a peninsula island, granite countertops, tile floors, stainless steel appliances, white cabinets, and a tile backsplash. The main level is filled with natural light pouring through the vinyl windows. All bedrooms are spacious with healthy closet space. Both bathrooms have been tastefully updated with tile floors, new vanities, elegant fixtures, and tile-surround showers. Living rooms on both levels, an entertainment room with surround sound and the expansive backyard offer all the space youll need for family activities. Situated in a prime location, this home offers easy access to local amenities, schools, parks, and transportation. Schedule your tour today!