160 E 2nd StNew CastleDE19720
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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
Investment property for sale in New Castle at 160 E 2nd St, New Castle, DE, 19720 listed at $359,000 pairs $2,315/mo rent with a $1,757/mo payment to leave $238/mo cash flow. Total monthly income runs $2,315/mo, and annual cash flow reaches $2,855/yr on $119,009 cash to close. Return on cash invested measures 22.31% in year one, and rental yield registers 7.74% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 115.18% and total cumulative return in cash totals $137,071. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,315/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1790
2,614 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
22,945
Single Family
20,868
Multi-Family
2,077
Businesses
1,721
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Listed by: Corey Harris • Crown Homes Real Estate
Mls Name: Bright MLS
Mls ID: #DENC2093938