31 Reubens Cir, Newark, DE, 19702 | $267/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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31 Reubens Cir, Newark, DE, 19702 | $267/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 Reubens Cir, Newark, DE, 19702 priced at $320,000 converts $2,118/mo rent into $267/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,118/mo, and annual cash flow totals $3,200/yr on $106,080 invested. Return on cash invested prints 22.93% in year one, and rental yield reads 7.94% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 118.49% and total cumulative return in cash sums $125,691. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,118/mo property income covering a $1,566/mo payment, not borrower’s personal income.

Single Family

Built in 1984

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

This attractive ranch home has been completely renovated and freshened up. New kitchen includes stainless appliance suite, granite tops and new cabinets. Lighting has been updated throughout. Shows beautifully. Ready to move right in and 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