17 Richard RdNew CastleDE19720
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 17 Richard Rd, New Castle, DE, 19720 in New Castle is straightforward: $205,000 in, $1,433/mo in rent, $247/mo out after debt service. The 8.39% gross yield and 1.55 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $56,638 by year five. With $1,888/yr in principal equity, the total cumulative return is projected at $93,285.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.8% |
| Monthly Cash Flow | $247 | $450 |
City averages based on New Castle market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,433 |
| Total Monthly Debt Service | $1,105 |
| DSCR Ratio | 1.30x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1951
5,663 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
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
Single Family
Built in 1951
5,663 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina Rice • Real Broker LLC
Mls Name: Bright MLS
Mls ID: #DENC2097198