28 Merry Rd, Newark, DE, 19713 | $212/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

28 Merry Rd, Newark, DE, 19713 | $212/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

5 Bed
2 Bath
2687 sft

314 Bohemia Ave, Chesapeake City, MD, 21915

3 Bed
3 Bath
1308 sft

79 Mule Deer Ct, Elkton, MD, 21921

3 Bed
3 Bath
1220 sft

113 Erin Ct, Elkton, MD, 21921

2 Bed
3 Bath
1125 sft

122 Vincent Cir, Middletown, DE, 19709

Nearby investment properties with comparable prices

3 Bed
3 Bath
1658 sft

243 Patriots Way, Elkton, MD, 21921

2 Bed
1 Bath
1120 sft

143 Shady Beach Rd, North East, MD, 21901

3 Bed
2 Bath
1700 sft

109 N Dover Ct, Bear, DE, 19701

3 Bed
1 Bath
2300 sft

1445 N East Rd, North East, MD, 21901

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Newark at 28 Merry Rd, Newark, DE, 19713 at $395,000 posts ROI 21.85% with $212/mo cash flow from $2,497/mo rent. Total monthly income equals $2,497/mo, and annual cash flow records $2,542/yr on $130,943 to close. Return on cash invested measures 21.85% and rental yield reads 7.59% at the current $395,000. Equity gained on principal adds $2,549/yr, and 5% annual appreciation supports $109,131 by year five. Five-year ROI prints 112.71% and total cumulative return in cash totals $147,582.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,497/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 1955

7,405 sqft lot

$N/A/sqft

No HOA

More details about the property

Have you wanted a workshop on your property? Have your hobbies/vehicles/ projects overtaken your current property? This is the one you have been waiting for! Located within an easy drive of Newark, University of Delaware, Maryland, I-95 and 896, this split level home boasts an extraordinary DETACHED GARAGE/WORKSHOP with an entry door that is tall enough to fit a boat or a camper and plenty of space for your tools and equipment. But let's not stop there, the house itself is in pristine, gem like condition featuring fresh paint, newly refinished hardwood floors throughout, a gorgeous expanded kitchen with brand new quartz counter tops, new sink, new faucet, space to sit at the counter and a small desk/bill paying station plus not one but two PANTRIES. The combination living and dining room gleam and provide a welcoming entry to the home. As this is a split level home, the floors are spaced half a floor apart from each other. The fourth bedroom is located a half a floor down from the main living area; it can be used and it is currently set up as a family room. Adjacent to that bedroom/family room is the unfinished utility room space which has the washer and dryer and an owned water treatment system because the seller preferred his water softer. There is a crawl space under the main living room accessed from the fourth bedroom or the utility room. A half a floor up from the main living are two generously sized bedrooms and the full bathroom. A half a floor up from that is the primary bedroom which takes up the entire space. The open closet can easily be expanded and the eaves provide plenty of storage. Put this property on your tour today. Once you see it you will want to call it home.