16 Jonathan Dr, Newark, DE, 19702 | $314/mo Cash Flow

For Sale

Listed for sale 6 days ago

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 16 Jonathan Dr, Newark, DE, 19702 offers $3,091/mo rent that, after a $2,349/mo payment, leaves $314/mo cash flow. Total monthly income is $3,091/mo, and annual cash flow is $3,768/yr on $159,120 cash. Return on cash invested measures 22.28% in year one, and rental yield stands at 7.73% at a $480,000 entry. Equity gained on principal adds $3,097/yr while 5% annual appreciation compounds into $132,615 by year five. Five-year ROI records 115% and total cumulative return in cash reaches $182,981. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,091/mo property income versus a $2,349/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1988

7,405 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