13 Erskine Ct, Newark, DE, 19713 | $192/mo Cash Flow

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13 Erskine Ct, Newark, DE, 19713 | $192/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 13 Erskine Ct, Newark, DE, 19713 earns $192/mo cash flow from $2,795/mo rent with a $2,202/mo payment. Total monthly income totals $2,795/mo, and annual cash flow totals $2,302/yr on $149,142 capital. ROI tracks 21.45% on current figures, and rental yield reads 7.45% at a $449,900 purchase. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 over five years. Five-year ROI reaches 110.58% and total cumulative return in cash sums $164,926. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,795/mo property income instead of your personal income.

Single Family

Built in 1966

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

Beautifully Renovated Home in a Sought-After Newark Cul-de-Sac This stunning Raised Ranch/Front-to-Back Split has been completely transformed and is ready for its new owner. Thoughtfully designed for flexibility, the home is ideal for a large household, can be configured as a multi-unit property, or offers the perfect setup for separate in-law or guest quarters with its dual entrancesone into the foyer and one directly into the lower level. From the moment you arrive, youll notice the extensive exterior upgrades, including a brand-new roof, siding, and windows. Located on a quiet cul-de-sac and backing to woods, the property provides exceptional privacy. The newly added patio and shed complete the inviting outdoor space. Inside, the home features waterproof luxury vinyl plank flooring throughout. The upper level offers a spacious living room with recessed lighting, a dining area, and a beautifully remodeled kitchen showcasing quartz countertops, subway tile backsplash, soft-close cabinetry, new stainless steel appliances, and a large island with additional storage. Down the hall are three generously sized bedrooms, each with a ceiling fan and ample closet space. The fully renovated main bath features modern fixtures and extensive tilework, complemented by an additional upper-level half bath. The lower level expands the possibilities with a second brand-new kitchenalso outfitted with quartz countertops, subway tile, and new appliancesplus two large bedrooms, a spacious family room with a new sliding door to the patio, and a completely updated full bath with all-new fixtures and detailed tile finishes. A half bath is conveniently located within the oversized laundry room. Additional highlights include new gas heat, new A/C, new hot water heater, and fresh paint throughout. Within 5 miles of the Newark Charter School Truly move-in readytheres nothing left to do but make it yours.