217 Southerland DrNew 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
Investment property for sale in New Castle at 217 Southerland Dr, New Castle, DE, 19720 earns $988/mo cash flow from $3,013/mo rent with a $1,713/mo payment. Total monthly income totals $3,013/mo, and annual cash flow totals $11,856/yr on $115,992 capital. ROI tracks 30.13% on current figures, and rental yield reads 10.33% at a $349,900 purchase. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 over five years. Five-year ROI reaches 157.16% and total cumulative return in cash sums $182,298. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,013/mo property income instead of your personal income.
Single Family
Built in 1960
10,019 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: Delisia Inge • BHHS Fox & Roach - Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2096100