19 Meadow RdNew CastleDE19720
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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
Investment Highlights
Rental property for sale in New Castle at 19 Meadow Rd, New Castle, DE, 19720 priced at $349,900 pairs $2,773/mo rent with $748/mo cash flow after a $1,713/mo payment. Total monthly income equals $2,773/mo, and annual cash flow comes to $8,976/yr on $115,992 invested. Return on cash invested is 27.65% in year one, and rental yield stands at 9.51% on a $349,900 basis. Equity gained on principal adds $2,258/yr, and 5% annual appreciation accumulates to $96,671 by year five. Five-year ROI measures 143.85% and total cumulative return in cash reaches $166,854. For financing, Ziffy Mortgage’s DSCR program evaluates $2,773/mo property income against a $1,713/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
1.11 Acres 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
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Listed by: Mike Walton • BHHS Fox & Roach - Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2092096