201 W Monroe AveNew 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 201 W Monroe Ave, New Castle, DE, 19720 offers $2,666/mo rent that, after a $1,615/mo payment, leaves $757/mo cash flow. Total monthly income is $2,666/mo, and annual cash flow is $9,081/yr on $109,395 cash. Return on cash invested measures 28.21% in year one, and rental yield stands at 9.69% at a $330,000 entry. Equity gained on principal adds $2,129/yr while 5% annual appreciation compounds into $91,173 by year five. Five-year ROI records 146.82% and total cumulative return in cash reaches $160,619. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,666/mo property income versus a $1,615/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1949
6,098 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: Octavia Williams • Century 21 Gold Key Realty
Mls Name: Bright MLS
Mls ID: #DENC2094746