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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 1611 Lormont Ct, Newark, DE, 19702 uses $155,802 cash to close to unlock $2,363/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $2,916/mo, and a $2,300/mo payment keeps the spread at $197/mo. Purchase price stands at $469,990, and rental yield measures 7.45% with $2,916/mo rent. Return on cash invested shows 21.43% in year one, and 5% annual appreciation builds toward $129,850 over five years. Five-year ROI reaches 110.44% and total cumulative return in cash records $172,062. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,916/mo property income covering a $2,300/mo payment rather than investor’s personal income.
Townhouse
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 19702, Newark, DE area.
| 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 |
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Date | Event | Price |
|---|---|---|
| 2024-10-08 | Listed for sale | $469,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $165.66 | 0.24% | $4,000 | N/A |
| 2022-10-14 | $165.27 | 2.16% | $4,000 | N/A |
| 2021-10-14 | $161.78 | 2.66% | $4,000 | N/A |
Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A
