22 Ivy Ln, New Castle, DE, 19720 | $234/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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22 Ivy Ln, New Castle, DE, 19720 | $234/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 New Castle at 22 Ivy Ln, New Castle, DE, 19720 priced at $365,000 pairs $2,345/mo rent with $234/mo cash flow after a $1,786/mo payment. Total monthly income equals $2,345/mo, and annual cash flow comes to $2,803/yr on $120,998 invested. Return on cash invested is 22.23% in year one, and rental yield stands at 7.71% on a $365,000 basis. Equity gained on principal adds $2,355/yr, and 5% annual appreciation accumulates to $100,843 by year five. Five-year ROI measures 114.74% and total cumulative return in cash reaches $138,835. For financing, Ziffy Mortgage’s DSCR program evaluates $2,345/mo property income against a $1,786/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1966

6,970 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 22 Ivy Lane, a charming three-bedroom, one-and-a-half-bath brick ranch nestled in the community of Ivy Ridge. Upon entering, you'll be greeted by a spacious living room featuring gleaming hardwood floors and a bay window. Adjacent to the living room, you'll find a large, renovated eat-in kitchen. This kitchen has been thoughtfully updated with new cabinetry, granite countertops, tiled flooring, and stainless steel appliances, offering both style and functionality. The main bathroom was previously renovated with a tiled shower and tile flooring. Three generously sized bedrooms complete the main floor, providing comfort and convenience. The finished lower level features a great room, a bonus room, and a half bath, perfect for watching the game and entertaining. Additionally, the lower level includes laundry and a storage area. You can also enjoy beautiful evenings on the maintenance-free screened-in porch with an extended deck, ideal for grilling and soaking up the sunshine. Please note that some photos include virtual staging. This home boasts an excellent location, just minutes from I-95, Route 1, and Route 13. It's also conveniently located near Christiana Mall, Christiana Hospital, and numerous excellent restaurants. Don't miss the opportunity to make this delightful property your new home\! Schedule your tour today. A Home Warranty is included. The listing agent has a financial interest in the property.

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