33 W 4th St, New Castle, DE, 19720 | $1,012/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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33 W 4th St, New Castle, DE, 19720 | $1,012/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 New Castle at 33 W 4th St, New Castle, DE, 19720 offers $2,632/mo rent that, after a $1,370/mo payment, leaves $1,012/mo cash flow. Total monthly income is $2,632/mo, and annual cash flow is $12,148/yr on $92,820 cash. Return on cash invested measures 33% in year one, and rental yield stands at 11.28% at a $280,000 entry. Equity gained on principal adds $1,807/yr while 5% annual appreciation compounds into $77,359 by year five. Five-year ROI records 172.51% and total cumulative return in cash reaches $160,125. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,632/mo property income versus a $1,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1900

2,614 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Opportunity ! Heres your chance to purchase a solid home in Historic New Castle, ready for renovation. With nearby renovated values trending upward of 500,000, this property offers strong potential for owner-occupants using renovation financing or for investors seeking a resale project. The home features newer windows throughout, a desirable floor plan, and solid fundamental care over the years. The main level includes a spacious living room with wide oak plank hardwood floors and a fireplace, a formal dining room, a convenient powder room, and a large eat-in kitchen with space for both a center island and a table for 46. Off the kitchen is a rear sunroom with ceramic flooring, heating and air conditioning, and modern ceiling fansideal as a sitting room or flexible space looking toward the waterfront. Upstairs, youll find three generously sized bedrooms and a full bath with double vanity, separate toilet area, and a tub/shower combo with modular surround. The basement offers excellent storage or workshop potential, use your imagination. There is walk-out from the basement to the backyard. Systems include a newer hot water heater and a well-maintained Armstrong oil burner with onsite oil tank central A/C. Outside is a rear Trex-style deck with views toward the water and access to all that walkable Historic New Castle offersrestaurants, shops, and historic sites just blocks away. Being sold as-is to settle a trust. Seller will make no repairs. Buyers are encouraged to bring contractors and complete due diligence then submit your best offer. Offers may not be reviewed until market time is 10 days. Inspections are welcome for informational purposes only with no contingency. Buyer to verify taxes and possible senior exemption. Cash or hard money preferred.

Neighborhood Data

Neighborhood data shown for ZIP Code: 19720, New Castle, DE area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,484 (100%)
Owner Occupied HU	16,788 (68.6%)
Renter Occupied HU	6,754 (27.6%)
Vacant Housing Units	942 ( 3.8%)
Median Home Value	$299,178
Average Home Value	$336,568