229 Pavin Ct, Newark, DE, 19702 | $686/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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229 Pavin Ct, Newark, DE, 19702 | $686/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 229 Pavin Ct, Newark, DE, 19702 offers $2,711/mo rent that, after a $1,713/mo payment, leaves $686/mo cash flow. Total monthly income is $2,711/mo, and annual cash flow is $8,231/yr on $116,025 cash. Return on cash invested measures 27% in year one, and rental yield stands at 9.29% at a $350,000 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,699 by year five. Five-year ROI records 140.35% and total cumulative return in cash reaches $162,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,711/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2000

2,613 sqft lot

$N/A/sqft

No HOA

More details about the property

Well-maintained 3-story townhome with 1-car garage and finished walk-out lower level. Newer carpet on the 3rd level and LVP flooring throughout the main level. Kitchen features granite countertops, an eat-in area, and a bright morning room. Spacious living and dining areas offer a comfortable layout for everyday living. Primary bedroom includes vaulted ceiling, en-suite bath, and walk-in closet. Roof, HVAC, and water heater all replaced within the last 6 years. Conveniently located near shopping centers, schools, and public parks. Solid, move-in ready home offering great value and flexible living space.

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