3 Ross Ct, Newark, DE, 19702 | $893/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3 Ross Ct, Newark, DE, 19702 | $893/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

Investment property for sale in Newark at 3 Ross Ct, Newark, DE, 19702 with 5% annual appreciation on a $260,000 basis while $2,398/mo rent supports operations. Total monthly income totals $2,398/mo and a $1,273/mo payment preserves $893/mo for cash returns. Annual cash flow comes to $10,718/yr on $86,190 deployed, and return on cash invested reaches 32.34% in year one. Equity gained on principal adds $1,678/yr, and five-year appreciation sums $71,833 alongside rental yield of 11.07%. Five-year ROI measures 169.06% and total cumulative return in cash totals $145,709.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,398/mo property income versus a $1,273/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Townhouse

Built in 1987

2,178 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to Princeton Woods in Bear, DE! A sprawling community with town homes surrounded by other enclaves of single detached as well as apartment dwellings. This centrally located community is within moments to shopping, dining attractions, local highways, places of worship, educational facilities and more! Interior row has been masterfully updated and is now ready for you to call home. Off street parking leads to walkway as you approach the threshold. Across you will be greeted with an open and flowing floor plan that is adorned with a custom trim package that is above and beyond for the property. LVP flooring covers your steps on the main level and a cozy fireplace is ready for the cooler months on approach. Formal dining area is open to show stopping kitchen featuring white shaker cabinetry, topped with quartz counters, and accented with a full stainless appliance package. Fenced in rear yard is perfect for gathering with family and friends, or just taking a load off after a hard day on the grind. Main level is serviced with a half bath. Second floor is covered with comfy carpeting and features two oversized bedrooms with ample storage capacity. Second floor stacker laundry in the hallway is a convenient touch. Full bathroom with updated flooring, vanity and other touches to bring it all together. New roof and updated windows along with a heat pump to afford an efficient operating budget. HoA covers the grass, trash, snow, and provides you with access to a pool and little clubhouse to pass time. Pretty much a maintenance free property that has been updated and offered at an affordable price! Perfect for the downsize, starter home, or possible investment property. A wonderful place to call home!

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