17 Commonwealth Blvd, New Castle, DE, 19720 | $683/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

17 Commonwealth Blvd, New Castle, DE, 19720 | $683/mo Cash Flow | Ziffy

Pending

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
3 Bath
1476 sft

344 W Main St, Elkton, MD, 21921

3 Bed
1 Bath
1300 sft

12 Stevens Ave, New Castle, DE, 19720

3 Bed
2 Bath
1944 sft

78 Mule Deer Ct, Elkton, MD, 21921

3 Bed
2 Bath
2228 sft

100 Vince Dr, Elkton, MD, 21921

Nearby investment properties with comparable prices

2 Bed
2 Bath
1650 sft

17 Franklin Dr, Middletown, DE, 19709

3 Bed
2 Bath
1220 sft

257 Tournament Cir, North East, MD, 21901

2 Bed
2 Bath
1175 sft

34 Dovetree Dr, Newark, DE, 19713

2 Bed
2 Bath
2175 sft

113 Valerie Ln, Bear, DE, 19701

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Castle at 17 Commonwealth Blvd, New Castle, DE, 19720 with 5% annual appreciation on a $295,000 basis while $2,390/mo rent supports operations. Total monthly income totals $2,390/mo and a $1,444/mo payment preserves $683/mo for cash returns. Annual cash flow comes to $8,196/yr on $97,793 deployed, and return on cash invested reaches 28.29% in year one. Equity gained on principal adds $1,904/yr, and five-year appreciation sums $81,503 alongside rental yield of 9.72%. Five-year ROI measures 147.25% and total cumulative return in cash totals $144,002.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,390/mo property income versus a $1,444/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1962

6,970 sqft lot

$N/A/sqft

No HOA

More details about the property

This attractive, well-kept Colonial home is located in the established and highly sought-after Jefferson Farms neighborhood. Entering the home through the striking front door, you come into the inviting living room that features newer carpeting and windows that fill the room with natural light. Flowing seamlessly from the living room is the newly carpeted dining area, creating an open concept feel perfect for entertaining. The beautifully remodeled kitchen boasts eat-in space, gas cooking, and a convenient sink-mounted water filter. The cozy family room offers a comfortable retreat with a ceiling fan and easy access to the backyard. Upstairs, the primary bedroom features two closets and a ceiling fan. The updated bathroom showcases an elegant surround for the bath/shower. The large basement includes an open room ready for customization and a separate laundry area with included washer and dryer and ample storage space. Outside, the large backyard can be accessed through either a charming stone path on one side of the house or a very wide double gate on the other. A backyard shed provides additional storage. Freshly painted throughout, all windows in the home have been replaced, and a whole-house humidifier ensures comfort year-round. Conveniently located near Old New Castle and Battery Park for riverside walks, this home is also within close proximity to the shopping and dining options along DuPont Highway. Don't miss out on the opportunity to make this wonderful property your own! The home is being sold as-is, with no FHA repairs to be made. The listing agent is related to the seller.

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