1608 Barnaby StNewarkDE19702
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Newark at 1608 Barnaby St, Newark, DE, 19702 offers a 9.2% rental yield on a $277,500 purchase with $2,128/mo rent. Total monthly income registers $2,128/mo, and a $1,358/mo payment leaves $523/mo available for distribution. Annual cash flow reaches $6,271/yr on $91,991 to close, and return on cash invested stands at 26.73% in year one. Equity gained on principal adds $1,791/yr while 5% annual appreciation supports $76,668 over five years. Portfolio math shows five-year ROI at 138.88% and total cumulative return in cash at $127,756. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,128/mo property income against a $1,358/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1976
1,742 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 |
Housing Distribution
Address Breakdown
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices