21 Merion Rd, Newark, DE, 19713 | $694/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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21 Merion Rd, Newark, DE, 19713 | $694/mo Cash Flow | Ziffy

For Sale

Listed for sale 7 days ago

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 21 Merion Rd, Newark, DE, 19713 offers $2,892/mo rent that, after a $1,859/mo payment, leaves $694/mo cash flow. Total monthly income is $2,892/mo, and annual cash flow is $8,331/yr on $125,937 cash. Return on cash invested measures 26.52% in year one, and rental yield stands at 9.14% at a $379,900 entry. Equity gained on principal adds $2,451/yr while 5% annual appreciation compounds into $104,959 by year five. Five-year ROI records 137.81% and total cumulative return in cash reaches $173,549. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,892/mo property income versus a $1,859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1956

7,841 sqft lot

$N/A/sqft

No HOA

More details about the property

This updated split-level home sits in an established, popular neighborhood and offers a welcoming blend of comfort and modern style. Fresh paint and updated flooring flow throughout the main level, where a large living room with a vaulted ceiling creates an airy, open feel. The kitchen features new appliances that make meal prep a breeze. Upstairs, youll find three bedrooms and a refreshed full bath. The lower level adds even more flexibility with a spacious rec room, an additional bedroom and a convenient powder room. Outside, the home continues to impress with a carport, nice sized lot and a partially fenced yard. Youll also have the peace of mind provided by a new HVAC system. This home is move-in ready in a location that is very convenient to main roads, shopping and amenities. It combines location, updates and comfort in one inviting package. To help visualize this homes floor plan and to highlight its potential, virtual furnishings may have been added to photos found in this listing. Please see agent remarks for additional information.