31 Carriage Ln, Newark, DE, 19711 | $467/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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31 Carriage Ln, Newark, DE, 19711 | $467/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

Rental property for sale in Newark at 31 Carriage Ln, Newark, DE, 19711 offers $4,130/mo rent that, after a $2,888/mo payment, leaves $467/mo cash flow. Total monthly income is $4,130/mo, and annual cash flow is $5,609/yr on $194,110 cash. Return on cash invested measures 22.95% in year one, and rental yield stands at 8.4% at a $590,000 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $163,006 by year five. Five-year ROI records 119.15% and total cumulative return in cash reaches $231,280. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,130/mo property income versus a $2,888/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1987

0.82 Acres lot

$N/A/sqft

$41 monthly HOA

More details about the property

Home Details NCC Parcel 0900720022 Lot: .82 Acres Semi Wooded Type: Single Family Architectural Style: 2 Story Colonial Exterior: Brick Front, Aluminum & Vinyl Siding, Maintenance Free Gutter Helmet Throughout NEW ROOF: Asphalt - Replaced 2025 Interior: Like New Hardwood Floors, Tile Entries, Laundry & Bathrooms Sunshine Basement: Finished, W/W Carpet 1,300 Sq Ft. Dry, No Sump Pump. Single Door Two Car Garage Extra Wide Driveway Elevated Screened Porch Andersen Windows Heating A/C: Lennox Heat Pump, Oil Backup, 13 Years Old Well Drilled 1999, ~300 Ft. Pump Age 25 Yr. Treatment for pH, Hardness (iron) DNREC Water Test Passed Results Available NEW SEPTIC Replaced 2024 Well Drained Soil Kitchen Appliances 8 Years Old Electric Service: Delmarva Built-In Security System Copper Wiring Special Features Within 5 mile preferential admission to Newark Charter School Spacious Kitchen Breakfast Nook With View Close Proximity Bird Feeders Privacy Woods Cherry Wood Mode Cabinets Range, Refrigerator, Dishwasher 8 Years Old Butcher Block Island Cozy Family Room With Fireplace, Built In Bookcases Spacious Master Bedroom Closet Maid Throughout (Except BR 4) Levolor Blinds Throughout 4 Casablanca Ceiling Fans Extra Wide Driveway Improvements Kitchen Remodeled 2016 Master Bath Remodeled 2014 Front Porch Roof Added Basement Finished Hardscape Retaining Wall, Stairs & Rear Walkway Rear Deck Replaced With Azek Composite Built-In Security System Area Schools Christina School District Downes Elementary K-5 1.5 Miles Shue-Medill Middle 6-8 3.9 Miles Newark High 3.7 Miles Newark Charter WITHIN 5 MILE preference limit. New Castle County Police White Clay Creek State Park .5 Miles U of D North Campus 1 Mile

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