19 Queens Way, Newark, DE, 19713 | $961/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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19 Queens Way, Newark, DE, 19713 | $961/mo Cash Flow | Ziffy

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 19 Queens Way, Newark, DE, 19713 priced at $309,900 pairs $2,754/mo rent with $961/mo cash flow after a $1,517/mo payment. Total monthly income equals $2,754/mo, and annual cash flow comes to $11,528/yr on $102,732 invested. Return on cash invested is 31.13% in year one, and rental yield stands at 10.66% on a $309,900 basis. Equity gained on principal adds $2,000/yr, and 5% annual appreciation accumulates to $85,620 by year five. Five-year ROI measures 162.48% and total cumulative return in cash reaches $166,920. For financing, Ziffy Mortgage’s DSCR program evaluates $2,754/mo property income against a $1,517/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1968

9,583 sqft lot

$N/A/sqft

No HOA

More details about the property

Brookbend. Cute 3 bedroom ranch with great curb appeal. Upon entering, youre greeted by a cozy living room with fireplace and insert that can heat the house in winter. Eat in kitchen with upgraded oak cabinets, Corian countertops, new stainless steel range and built in microwave. There is a sliding glass door off dining room that takes you to a fenced rear yard that is ideal for outdoor gatherings. There is also three bedrooms and a full bath. Roof was installed in 2014. Additional features include central air and vinyl windows. Conveniently located to downtown Newark, I-95, and Christiana mall