22 Dalton Dr, Newark, DE, 19702 | $415/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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22 Dalton Dr, Newark, DE, 19702 | $415/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 22 Dalton Dr, Newark, DE, 19702 generates $3,997/mo in rent and, after a $3,030/mo payment, leaves $415/mo in cash flow. Total monthly income is $3,997/mo, and annual cash flow is $4,981/yr on $203,651 invested. Return on cash invested sits at 22.51% in year one, and rental yield is 7.75% on a $619,000 entry. Equity gained on principal adds $3,994/yr, while 5% annual appreciation builds toward $171,018 over five years. Five-year ROI reaches 116.23% and total cumulative return in cash sums $236,701. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,997/mo property income rather than buyer’s personal income.

Single Family

Built in 2002

10,019 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this gorgeous 5 bedroom, 3.5 bath home proudly located in the highly desirable community of Deerbourne Woods within the Newark Charter school catchement! The home features tons of recent Updates & Upgrades: Roof (April 2018), HVAC (April 2019), Walnut Hickory Solid Hardwood Flooring 1st and 2nd Floor! (2018), 12"x24" Tiled Flooring in Kitchen and Laundry (2018) and the list goes on and on! This home has everything you would wish for without waiting for new construction or paying that premium. As you enter into the 2-Story Foyer you are greeted by gleaming Hardwoods with a Spacious Study w/ double solid doors, 1/2 Bath and Laundry to the left and Traditional Living Rm and Dining Rm to the right. Walk towards the rear of the home into a bright and sunny remodeled Kitchen w/ granite countertops, tiled backsplash, Stainless Steel Appliances, moveable island and separate Pantry. The kitchen is open to the Breakfast Area and Family Rm with Vaulted ceiling, gas fireplace and tons of natural sunlight from the floor to ceiling windows. Glass sliders take you out to the two tier deck, with plenty of seating and cooking space, overlooking a perfectly sized, flat backyard and backing up to open space with a row of trees for privacy. The 2nd Floor will not disappoint with a Remodeled Hall Bath (2018) (tiled floor, shower, vanity and toilet) and a Primary Bedroom w/ tray ceiling, Walk-in Closet and beautiful Remodeled Master Bath (2019) (Tiled Floor, Large Tiled shower w/ heavy glass enclosure, Double Bowl Vanity, Toilet, Mirrors and Lighting). The basement was thoughtfully finished in 2023 and boasts a guest bedroom, full bath, kid zone, closet custom sized to fit a ping pong table, upgraded carpeting, extra outlets, built-in speakers, movie theater equipment and new sump pump. The two car garage includes two 220V with its own breakers for EV charging.

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