3 Sir Thomas Ln, Newark, DE, 19702 | $436/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

3 Sir Thomas Ln, Newark, DE, 19702 | $436/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1948 sft

13 Magnolia Dr, Elkton, MD, 21921

2 Bed
2 Bath
1625 sft

508 Twining Ln, Middletown, DE, 19709

3 Bed
3 Bath
2310 sft

614 Biddle St, Chesapeake City, MD, 21915

3 Bed
3 Bath
1220 sft

245 Tournament Cir, North East, MD, 21901

Nearby investment properties with comparable prices

3 Bed
1 Bath
1775 sft

40 Lyric Dr, Newark, DE, 19702

4 Bed
2 Bath
1624 sft

302 Cecil Ave, Earleville, MD, 21919

4 Bed
2 Bath
1776 sft

630 W Old Philadelphia Rd, North East, MD, 21901

4 Bed
3 Bath
1900 sft

314 Magnolia Dr, Elkton, MD, 21921

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 3 Sir Thomas Ln, Newark, DE, 19702 uses $132,567 cash to close to unlock $5,237/yr annual cash flow and $436/mo monthly cash flow. Total monthly income runs $2,750/mo, and a $1,957/mo payment keeps the spread at $436/mo. Purchase price stands at $399,900, and rental yield measures 8.25% with $2,750/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 123.51% and total cumulative return in cash records $163,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,750/mo property income covering a $1,957/mo payment rather than investor’s personal income.

Single Family

Built in 1995

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3 Sir Thomas Lane! This beautifully updated home offers the perfect blend of style, comfort, and functionality. Step inside to find brand new flooring and carpet throughout, new windows that fill the space with natural light, and a completely updated eat-in kitchen with new appliances and a view of the massive backyard. Upstairs, youll find three spacious bedrooms and two full baths, including a private primary suite with its own bath. The main level includes a versatile bonus flex spaceideal for a playroom, home office, gym, or additional living area. The partially finished basement offers even more room to spread out. This home is truly move-in ready and waiting for its next owner to enjoy!

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