313 Latrobe Dr, Newark, DE, 19702 | $633/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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313 Latrobe Dr, Newark, DE, 19702 | $633/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

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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

Investment property for sale in Newark at 313 Latrobe Dr, Newark, DE, 19702 at $419,900 posts ROI 25.36% with $633/mo cash flow from $3,062/mo rent. Total monthly income equals $3,062/mo, and annual cash flow records $7,591/yr on $139,197 to close. Return on cash invested measures 25.36% and rental yield reads 8.75% at the current $419,900. Equity gained on principal adds $2,710/yr, and 5% annual appreciation supports $116,011 by year five. Five-year ROI prints 131.56% and total cumulative return in cash totals $183,132.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,062/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Townhouse

Built in 2010

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

>>>NEW LISTING COME TOUR TODAY<<< This stylish and spacious townhome offers a low-maintenance lifestyle with all the features todays buyers are looking for. Located within a 5-mile radius of NEWARK CHARTER SCHOOL, this home is an excellent fit for first-time buyers, those looking to upgrade, or investors seeking a dependable addition to their portfolio. The open floor plan on the main level creates a seamless flow between the living room, dining area, and kitchenperfect for both entertaining and everyday living. The kitchen offers granite countertops, ample cabinetry, and plenty of space for meal prep and late night snacks lol. Upstairs, the primary suite features generous closet space and a private full bathroom. Rare layout with another massive sized bedroom and another full bath complete the upper level. The finished lower level provides exceptional flexibilityideal for a home office, gym, playroom, or guest space. Step outside to the large deck, perfect for summer gatherings, outdoor dining, or simply unwinding at the end of the day. The location is unmatched, just minutes to top-rated schools, shopping, dining, parks, hospitals, Wawa, Walgreens, and major routes including Rt.40, Rt.1, I-95, Wilmington, Philadelphia, and New Jersey. Dont miss this opportunity to own in one of Newarks highly desirable communities. Schedule your tour today and make this beautiful townhome yours before its gone!

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

Price History

Date	Event	Price
No price history data available

Tax History

Date	Tax Paid	Tax Increase Rate	Value	Value Increase Rate
No tax history data available

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Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Facts & Features

General Information

Type: Townhouse
Year Built: 2010
Architectural Style: N/A
Building Area: N/A
Living Area: N/A
Property Condition: N/A

Features & Amenities

Heating: N/A
Cooling: N/A
Flooring: N/A
Interior Features: N/A
Exterior Features: N/A
Parking Features: Built In, Garage Faces Front, Inside Entrance, Asphalt, Attached, Driveway

Location

City: Newark
State: DE
Subdivision: N/A
Lot Size: 6,098 sqft
Lot Features: N/A
View: N/A

HOA & Fees

HOA Fee: N/A
Association Fee: N/A
Fees & Dues: N/A
Association Amenities: N/A
Association Fee Includes: N/A

Utilities

Utilities: N/A
Sewer: N/A
Water Source: N/A
Road Surface Type: N/A

School Information

Elementary School: N/A
Middle School: N/A
High School: N/A

Listed by: Chad Mitchell • Crown Homes Real Estate

Mls Name: Bright MLS

Mls ID: #DENC2093122

313 Latrobe Dr,Newark,DE,19702

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Ziffy AI Summary

Investment Highlights

More details about the property

Neighborhood Data

Housing Distribution

Housing Statistics

Housing Distribution

Address Breakdown

Price History

Tax History

Nearby investment properties with comparable rents

Nearby investment properties with comparable prices

Facts & Features

General Information

Features & Amenities

Location

HOA & Fees

Utilities

School Information

313 Latrobe DrNewarkDE19702