17 Phyllis Dr, Newark, DE, 19711 | $3/mo Cash Flow

For Sale

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

Rental property for sale in Newark at 17 Phyllis Dr, Newark, DE, 19711 priced at $330,000 converts $1,912/mo rent into $3/mo cash flow after a $1,615/mo obligation. Total monthly income equals $1,912/mo, and annual cash flow totals $33/yr on $109,395 invested. Return on cash invested prints 19.94% in year one, and rental yield reads 6.95% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 102.48% and total cumulative return in cash sums $112,103. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,912/mo property income covering a $1,615/mo payment, not borrower’s personal income.

Single Family

Built in 1959

7,405 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19711, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,208 (100%)
Owner Occupied HU	13,334 (60.0%)
Renter Occupied HU	6,641 (29.9%)
Vacant Housing Units	2,233 (10.1%)
Median Home Value	$405,647
Average Home Value	$449,152