13 Iris LnNewarkDE19702
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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
Investment Highlights
Investment property for sale in Newark at 13 Iris Ln, Newark, DE, 19702 with 5% annual appreciation on a $334,900 basis while $2,519/mo rent supports operations. Total monthly income totals $2,519/mo and a $1,639/mo payment preserves $581/mo for cash returns. Annual cash flow comes to $6,977/yr on $111,019 deployed, and return on cash invested reaches 26.19% in year one. Equity gained on principal adds $2,161/yr, and five-year appreciation sums $92,527 alongside rental yield of 9.03%. Five-year ROI measures 136.03% and total cumulative return in cash totals $151,021.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,519/mo property income versus a $1,639/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1989
6,098 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
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