1503 Libourne Ct, Newark, DE, 19702 | $495/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1503 Libourne Ct, Newark, DE, 19702 | $495/mo Cash Flow | Ziffy

Recently Sold

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 1503 Libourne Ct, Newark, DE, 19702 offers $3,272/mo rent that, after a $2,349/mo payment, leaves $495/mo cash flow. Total monthly income is $3,272/mo, and annual cash flow is $5,940/yr on $159,117 cash. Return on cash invested measures 23.64% in year one, and rental yield stands at 8.18% at a $479,990 entry. Equity gained on principal adds $3,097/yr while 5% annual appreciation compounds into $132,612 by year five. Five-year ROI records 122.33% and total cumulative return in cash reaches $194,641. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,272/mo property income versus a $2,349/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Call French Park Townhomes home this summer with our quick move-in Ballad home. Enjoy the additional outdoor space on the side with this end home. Welcome to The Ballad, a beautiful 1-car garage townhome with the space and style of a single-family home. The ground floor foyer welcomes you inside toward a spacious finished recreation room. Upstairs, a large great room is ideal for gathering with loved ones. An adjoining gourmet kitchen and dining space with a large island, white cabinetry, tile backsplash and quartz countertops is perfect for making home cooked meals. On the 3rd floor, you'll find two bedrooms and a full bath. Your luxurious owner's suite features two walk-in closets and a dual vanity bath. The Ballad can't be beat. Schedule your visit today to learn more about this quick move-in home.

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