308 Odessa Way, Newark, DE, 19711 | $45/mo Cash Flow

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

Rental property for sale in Newark at 308 Odessa Way, Newark, DE, 19711 offers $4,067/mo rent that, after a $3,402/mo payment, leaves $45/mo cash flow. Total monthly income is $4,067/mo, and annual cash flow is $544/yr on $228,655 cash. Return on cash invested measures 20.3% in year one, and rental yield stands at 7.02% at a $695,000 entry. Equity gained on principal adds $4,485/yr while 5% annual appreciation compounds into $192,016 by year five. Five-year ROI records 104.37% and total cumulative return in cash reaches $238,650. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,067/mo property income versus a $3,402/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1998

0.54 Acres 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