344 Delaware Cir, Newark, DE, 19711 | 5.98% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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344 Delaware Cir, Newark, DE, 19711 | 5.98% Rental Yield | 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 344 Delaware Cir, Newark, DE, 19711 generates $1,819/mo in rent, after a $1,786/mo payment. Total monthly income is $1,819/mo. Return on cash invested sits at 17.01% in year one, and rental yield is 5.98% on a $365,000 entry. Equity gained on principal adds $2,355/yr, while 5% annual appreciation builds toward $100,843 over five years. Five-year ROI reaches 86.77% and total cumulative return in cash sums $104,995. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,819/mo property income rather than buyer’s personal income.

Multi Family

Built in 1943

6,098 sqft lot

$N/A/sqft

No HOA

More details about the property

344 and 346 Delaware Cir being sold together. 344 has 3 bedrooms and 346 has 2 bedrooms. Both units are currently on year leases expiring in 2026. Updated roof on entire uit. 344 has updated furnace and water heater. Both units have long driveways. The unoits are on split systems.

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