205 Sutton Way, Newark, DE, 19711 | $308/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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205 Sutton Way, Newark, DE, 19711 | $308/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 205 Sutton Way, Newark, DE, 19711 offers $3,114/mo rent that, after a $2,374/mo payment, leaves $308/mo cash flow. Total monthly income is $3,114/mo, and annual cash flow is $3,691/yr on $160,778 cash. Return on cash invested measures 22.2% in year one, and rental yield stands at 7.7% at a $485,000 entry. Equity gained on principal adds $3,130/yr while 5% annual appreciation compounds into $133,997 by year five. Five-year ROI records 114.63% and total cumulative return in cash reaches $184,298. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,114/mo property income versus a $2,374/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2013

3,049 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 205 Sutton Way within the Community of Sutton Place, a small enclave of upscale Carriage Style townhomes, conveniently located in close proximity to U of D, I-95, Amtrack Rail system, Christiana Hospital and Newark restaurants. Recent upgrades to this home include main level luxury vinyl plank flooring on the main level and bonus room, Stainless steel appliances with counter depth refrigerator, upgraded padding and carpeting to upper level as well as staircases. Also installed is an upper level attic storage area with a built-in access ladder and additional plywood flooring. The bright airy kitchen is well appointed with high hat lighting, pendant lights, farm sink, and a gleaming granite bar height counter that is perfect for that quick breakfast or for entertaining guests. Off of the dining area is a sliding glass door that leads to a Trex deck with a privacy screen and overlooks the serene wooded landscape of the rear yard. Other upgraded finishes include rounded drywall corners, upgraded window molding and trim work. Three good sized bedrooms are found on the upper level with main bedroom including an ensuite bath, walk-in closet, second full bath, and laundry room. From the ground level garage, the bonus room has egress to a concrete patio. This community of twelve homes has recently been converted from Condominium to a Maintenance Corporation (HOA). Annual fee for the HOA is $1,770 per year, and includes lawn maintenance, common area maintenance, landscaping and street snow removal. There is a one-time capital contribution of $500 to the HOA at settlement. Stone/Stucco inspection will be available upon request. Do not miss out on the opportunity to own in an absolutely prime location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19711, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,208 (100%)
Owner Occupied HU	13,334 (60.0%)
Renter Occupied HU	6,641 (29.9%)
Vacant Housing Units	2,233 (10.1%)
Median Home Value	$405,647
Average Home Value	$449,152