277 E Flagstone DrNewarkDE19702
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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
Investment Highlights
Investment property for sale in Newark at 277 E Flagstone Dr, Newark, DE, 19702 uses $150,799 cash to close to unlock $5,081/yr annual cash flow and $423/mo monthly cash flow. Total monthly income runs $3,056/mo, and a $2,227/mo payment keeps the spread at $423/mo. Purchase price stands at $454,900, and rental yield measures 8.06% with $3,056/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $125,680 over five years. Five-year ROI reaches 120.4% and total cumulative return in cash records $181,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,056/mo property income covering a $2,227/mo payment rather than investor’s personal income.
Single Family
Built in 2000
7,841 sqft 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
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