26 Ballad DrNewarkDE19702
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 26 Ballad Dr, Newark, DE, 19702 in Newark earns a 8.11% gross yield at $509,900. Rent of $3,445/mo nets $495/mo after the $2,293/mo mortgage. The 1.50 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $140,876 and $4,696/yr in equity accumulation project a total cumulative return of $224,306.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 5.2% |
| Monthly Cash Flow | $495 | $1,850 |
City averages based on Newark market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,445 |
| Total Monthly Debt Service | $2,747 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1971
0.92 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1971
0.92 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices