16 Tyrone Ave, New Castle, DE, 19720 | $832/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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16 Tyrone Ave, New Castle, DE, 19720 | $832/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 New Castle at 16 Tyrone Ave, New Castle, DE, 19720 at $275,000 posts ROI 30.86% with $832/mo cash flow from $2,423/mo rent. Total monthly income equals $2,423/mo, and annual cash flow records $9,982/yr on $91,163 to close. Return on cash invested measures 30.86% and rental yield reads 10.57% at the current $275,000. Equity gained on principal adds $1,775/yr, and 5% annual appreciation supports $75,977 by year five. Five-year ROI prints 161.03% and total cumulative return in cash totals $146,795.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,423/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1920

3,920 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 16 Tyrone Ave in New Castle! This 3-bedroom, 2-bath Colonial was fully renovated in 2021 and offers 1,300 sqft of modern comfort. The home features a bright living room, dining area, and a versatile den, all with luxury vinyl plank flooring. The kitchen shines with white cabinetry, granite countertops, tile backsplash, and stainless steel appliances. The first-floor primary suite includes a large closet and private en suite with tiled shower. Upstairs, two bedrooms share a renovated Jack & Jill bath. Updates include central air, newer roof, fresh siding, and modern fixtures. Conveniently located near I-95, I-495, I-295, Route 13, restaurants, and shopping. Move-in readyschedule your tour today! Home is being sold in as-is condition.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19720, New Castle, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,484 (100%)
Owner Occupied HU	16,788 (68.6%)
Renter Occupied HU	6,754 (27.6%)
Vacant Housing Units	942 ( 3.8%)
Median Home Value	$299,178
Average Home Value	$336,568