302 Benham Ct, Newark, DE, 19711 | $928/mo Cash Flow

For Sale

Listed for sale 2 days ago

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 302 Benham Ct, Newark, DE, 19711 offers $3,097/mo rent that, after a $1,835/mo payment, leaves $928/mo cash flow. Total monthly income is $3,097/mo, and annual cash flow is $11,133/yr on $124,279 cash. Return on cash invested measures 28.87% in year one, and rental yield stands at 9.91% at a $374,900 entry. Equity gained on principal adds $2,419/yr while 5% annual appreciation compounds into $103,578 by year five. Five-year ROI records 150.35% and total cumulative return in cash reaches $186,859. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,097/mo property income versus a $1,835/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 1988

2,614 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19711, Newark, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	22,208 (100%)
Owner Occupied HU	13,334 (60.0%)
Renter Occupied HU	6,641 (29.9%)
Vacant Housing Units	2,233 (10.1%)
Median Home Value	$405,647
Average Home Value	$449,152