2 Michigan State Dr, Newark, DE, 19713 | $1,672/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 2 Michigan State Dr, Newark, DE, 19713 generates $5,490/mo in rent and, after a $3,230/mo payment, leaves $1,672/mo in cash flow. Total monthly income is $5,490/mo, and annual cash flow is $20,058/yr on $217,140 invested. Return on cash invested sits at 29.3% in year one, and rental yield is 9.98% on a $660,000 entry. Equity gained on principal adds $4,259/yr, while 5% annual appreciation builds toward $182,346 over five years. Five-year ROI reaches 152.63% and total cumulative return in cash sums $331,413. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,490/mo property income rather than buyer’s personal income.

Single Family

Built in 1998

0.33 Acres lot

$N/A/sqft

No HOA