22 Cognac Dr, Newark, DE, 19702 | $869/mo Cash Flow

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

Investment property for sale in Newark at 22 Cognac Dr, Newark, DE, 19702 with 5% annual appreciation on a $390,000 basis while $3,126/mo rent supports operations. Total monthly income totals $3,126/mo and a $1,909/mo payment preserves $869/mo for cash returns. Annual cash flow comes to $10,431/yr on $129,285 deployed, and return on cash invested reaches 27.98% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 9.62%. Five-year ROI measures 145.6% and total cumulative return in cash totals $188,240.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,126/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1991

8,276 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19702, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,212 (100%)
Owner Occupied HU	14,557 (65.5%)
Renter Occupied HU	6,887 (31.0%)
Vacant Housing Units	768 ( 3.5%)
Median Home Value	$366,125
Average Home Value	$375,328