201 East AveNew CastleDE19720
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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
Investment Highlights
Investment property for sale in New Castle at 201 East Ave, New Castle, DE, 19720 at $299,999 posts ROI 29.11% with $763/mo cash flow from $2,498/mo rent. Total monthly income equals $2,498/mo, and annual cash flow records $9,150/yr on $99,450 to close. Return on cash invested measures 29.11% and rental yield reads 9.99% at the current $299,999. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 151.67% and total cumulative return in cash totals $150,840.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,498/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
8,276 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
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Listed by: Cat Bond • Brokers Realty Group, LLC
Mls Name: Bright MLS
Mls ID: #DENC2094488