305 Waters Edge 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 305 Waters Edge Dr, Newark, DE, 19702 earns $645/mo cash flow from $1,840/mo rent with a $682/mo payment. Total monthly income totals $1,840/mo, and annual cash flow totals $7,745/yr on $46,178 capital. ROI tracks 36.68% on current figures, and rental yield reads 15.85% at a $139,300 purchase. Equity gained on principal adds $899/yr, and 5% annual appreciation supports $38,486 over five years. Five-year ROI reaches 195.95% and total cumulative return in cash sums $90,487. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,840/mo property income instead of your personal income.
Apartment
Built in 1992
N/A lot
$N/A/sqft
$216 monthly 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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