237 Shetland Dr, New Castle, DE, 19720 | $57/mo Cash Flow

For Sale

Fix & Flip

Motivated Seller

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 237 Shetland Dr, New Castle, DE, 19720 generates $2,400/mo in rent and, after a $1,982/mo payment, leaves $57/mo in cash flow. Total monthly income is $2,400/mo, and annual cash flow is $684/yr on $134,224 invested. Return on cash invested sits at 20.42% in year one, and rental yield is 7.11% on a $404,900 entry. Equity gained on principal adds $2,613/yr, while 5% annual appreciation builds toward $111,866 over five years. Five-year ROI reaches 105.03% and total cumulative return in cash sums $140,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.

Single Family

Built in 2001

9,583 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