322 Wallace Dr, Newark, DE, 19711 | $628/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1875 sft

2714 Bardell Dr, Wilmington, DE, 19808

3 Bed
4 Bath
2175 sft

18 Kings Bridge Ct, Newark, DE, 19702

3 Bed
2 Bath
2337 sft

650 Cullen Rd, Lincoln University, PA, 19352

4 Bed
2 Bath
1675 sft

107 Pike Creek Rd, Newark, DE, 19711

Nearby investment properties with comparable prices

3 Bed
3 Bath
2095 sft

2737 Tea Tree Ln, Middletown, DE, 19709

3 Bed
3 Bath
2142 sft

2735 Tea Tree Ln, Middletown, DE, 19709

3 Bed
3 Bath
1951 sft

1862 Bergerac Ct, Newark, DE, 19702

3 Bed
3 Bath
2096 sft

2709 Tea Tree Ln, Middletown, DE, 19709

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Newark at 322 Wallace Dr, Newark, DE, 19711 offers a 8.37% rental yield on a $529,900 purchase with $3,694/mo rent. Total monthly income registers $3,694/mo, and a $2,594/mo payment leaves $628/mo available for distribution. Annual cash flow reaches $7,530/yr on $174,337 to close, and return on cash invested stands at 24.38% in year one. Equity gained on principal adds $3,419/yr while 5% annual appreciation supports $146,402 over five years. Portfolio math shows five-year ROI at 126.26% and total cumulative return in cash at $220,115. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,694/mo property income against a $2,594/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1969

0.48 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