16 Hawthorne AveNewarkDE19711
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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
Rental property for sale in Newark at 16 Hawthorne Ave, Newark, DE, 19711 priced at $410,000 converts $2,891/mo rent into $518/mo cash flow after a $2,007/mo obligation. Total monthly income equals $2,891/mo, and annual cash flow totals $6,221/yr on $135,915 invested. Return on cash invested prints 24.49% in year one, and rental yield reads 8.46% against a $410,000 entry. Equity gained on principal adds $2,646/yr, while 5% annual appreciation compiles into $113,275 by year five. Five-year ROI reaches 126.86% and total cumulative return in cash sums $172,427. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,891/mo property income covering a $2,007/mo payment, not borrower’s personal income.
Single Family
Built in 1986
10,019 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,228
Single Family
18,177
Multi-Family
3,051
Businesses
1,045
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