140 Starr Rd, Newark, DE, 19711 | $608/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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140 Starr Rd, Newark, DE, 19711 | $608/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

Rental property for sale in Newark at 140 Starr Rd, Newark, DE, 19711 priced at $375,000 converts $2,777/mo rent into $608/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,777/mo, and annual cash flow totals $7,292/yr on $124,313 invested. Return on cash invested prints 25.77% in year one, and rental yield reads 8.89% against a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation compiles into $103,606 by year five. Five-year ROI reaches 133.77% and total cumulative return in cash sums $166,299. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,777/mo property income covering a $1,835/mo payment, not borrower’s personal income.

Single Family

Built in 1957

0.75 Acres lot

$N/A/sqft

No HOA

More details about the property

This 3 bedroom 1.5 bath boasts with charm and vintage touches and sits on a great 3/4 acre lot. The large driveway has plenty of space for extra parking and perfect when entertaining at the home. Property includes an inground pool, pool house, and shed. Living room with fireplace leads to the kitchen with sliding glass doors that leads to a deck. Kitchen also has another door leading to a screened porch. Basement is unfinished but is sectioned off into two rooms and other areas that were used for storage that could be finished off for extra living space. This is an estate and is being sold as is with no repairs. Newer heater.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19711, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,208 (100%)
Owner Occupied HU	13,334 (60.0%)
Renter Occupied HU	6,641 (29.9%)
Vacant Housing Units	2,233 (10.1%)
Median Home Value	$405,647
Average Home Value	$449,152