268 W Chestnut Hill Rd, Newark, DE, 19713 | $390/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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268 W Chestnut Hill Rd, Newark, DE, 19713 | $390/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 268 W Chestnut Hill Rd, Newark, DE, 19713 offers $3,283/mo rent that, after a $2,447/mo payment, leaves $390/mo cash flow. Total monthly income is $3,283/mo, and annual cash flow is $4,682/yr on $165,750 cash. Return on cash invested measures 22.73% in year one, and rental yield stands at 7.88% at a $500,000 entry. Equity gained on principal adds $3,226/yr while 5% annual appreciation compounds into $138,141 by year five. Five-year ROI records 117.48% and total cumulative return in cash reaches $194,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,283/mo property income versus a $2,447/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1966

0.39 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this meticulously cared-for 4-bedroom, 2.5-bath colonial-style gem, perfectly situated in the heart of Newark. Nestled on a generous lot that backs to serene woods, this home offers both privacy and conveniencejust minutes from local shopping, dining, and the University of Delaware! Step inside and experience the pride of ownership throughout. The spacious interior features recent updates designed for comfort and peace of mind. The heart of the home boasts a fully updated kitchen with new electric oven/stove, dishwasher, refrigerator, and freezer, making meal prep and entertaining a breeze. The den and powder room feature new flooring, adding a modern touch to timeless charm. Retreat to the expansive primary suite, complete with a recently renovated master bath shower (2022). Additional highlights include: New roof (2020) Exterior painted (2024) New driveway (2020) New water heater (2023) New HVAC system Solar power system with battery backup generator (2020) for efficiency and energy resilience Security system with cameras for peace of mind Long driveway and 2-car garage provide ample parking Huge backyard with wooded backdropperfect for relaxing, entertaining, or play This home also features thoughtful structural upgrades, including under-basement floor drainage, a water pressure pump, and professional structural engineering enhancements, ensuring long-term durability. Dont miss this rare opportunity to own a move-in-ready home with extensive upgrades in one of Newarks most desirable areas. Schedule your private tour today! Showings are only 8/22nd-8/24th Open house SAT 23rd 10AM-12PM