16 Neurys Ln, Newark, DE, 19702 | $993/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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16 Neurys Ln, Newark, DE, 19702 | $993/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

Investment property for sale in Newark at 16 Neurys Ln, Newark, DE, 19702 listed at $369,000 pairs $3,128/mo rent with a $1,806/mo payment to leave $993/mo cash flow. Total monthly income runs $3,128/mo, and annual cash flow reaches $11,916/yr on $122,324 cash to close. Return on cash invested measures 29.65% in year one, and rental yield registers 10.17% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 154.53% and total cumulative return in cash totals $189,027. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,128/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1989

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Cape Cod-style home offering 4 bedrooms and 2 full baths on a spacious 0.28-acre lot with no deed restrictionsenjoy the freedom to park your RV, boat, or add future improvements! Each floor features two bedrooms and one full bath, providing a flexible layout for families or guests. With approximately 2,150 sq ft, this move-in ready home boasts major updates including a brand-new kitchen (2025), new vinyl siding (2025), and modern vinyl flooring (2023). Comfort is assured with six new split-unit AC/heat pumps (2023), newer water heater (2023), washer and dryer (2023), and an updated lower-level full bath. Conveniently located near Christiana Mall, major highways, shopping, and dining, this well-maintained Cape Cod combines classic charm, modern updates, and a highly desirable locationtruly a rare find!

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