247 Jasmine Ln, Newark, DE, 19702 | $869/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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247 Jasmine Ln, Newark, DE, 19702 | $869/mo Cash Flow | Ziffy

Pending

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 247 Jasmine Ln, Newark, DE, 19702 generates $2,784/mo in rent and, after a $1,620/mo payment, leaves $869/mo in cash flow. Total monthly income is $2,784/mo, and annual cash flow is $10,426/yr on $109,727 invested. Return on cash invested sits at 29.41% in year one, and rental yield is 10.09% on a $331,000 entry. Equity gained on principal adds $2,136/yr, while 5% annual appreciation builds toward $91,449 over five years. Five-year ROI reaches 153.26% and total cumulative return in cash sums $168,169. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,784/mo property income rather than buyer’s personal income.

Townhouse

Built in 1994

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 247 Jasmine Ln in the popular Perch Creek neighborhood! This 3 bedroom, 2 1/2 bath home is a must see! As you enter the home you are greeted by a large living area, half bath, dining and kitchen! Plenty of natural light makes this open concept level great for family and friends to gather. The sliding door off the dining area leads to a deck which takes you to the spacious fenced in back yard. The yard overlooks a common area that is beautiful and serene. As you head back into the home and go up the stairs it will lead you to the 3 bedrooms and 2 full baths. Heading downstairs, there is a finished basement with an amazing space to watch the games and entertain! A BONUS ROOM with windows is also a special feature in this home! Perfect for a home office, craft room or whatever your imaginations creates! The laundry room as well as so many hidden storages areas are located on this level as well! So much to see, so many memories to be made when you make this your new home! Stop by today! This one won't last!!

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