361 Pierce Run, Newark, DE, 19702 | $536/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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361 Pierce Run, Newark, DE, 19702 | $536/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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406 Pierce Run, Newark, DE, 19702

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 361 Pierce Run, Newark, DE, 19702 with 5% annual appreciation on a $450,000 basis while $3,140/mo rent supports operations. Total monthly income totals $3,140/mo and a $2,203/mo payment preserves $536/mo for cash returns. Annual cash flow comes to $6,429/yr on $149,175 deployed, and return on cash invested reaches 24.22% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 8.37%. Five-year ROI measures 125.42% and total cumulative return in cash totals $187,098.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,140/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 2009

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in the charming Village of Fox Meadow, this delightful twin home offers a perfect blend of comfort and convenience, designed with your lifestyle in mind. With a welcoming traditional architectural style, this residence features three spacious bedrooms and two and a half bathrooms, providing ample space for relaxation and entertaining. Step inside to discover a warm and inviting atmosphere, highlighted by a cozy fireplace that serves as the heart of the living area. The thoughtfully designed layout includes a main floor laundry for added convenience, making daily tasks a breeze. The home boasts a variety of flooring options, including laminated, hardwood, carpet, and vinyl, ensuring both style and practicality. Enjoy the ease of maintenance-free living with an association that covers all ground fees, common area upkeep, lawn care, management, and snow removal. The community clubhouse offers a wonderful space for social gatherings and activities, fostering a sense of camaraderie among neighbors. Built in 2009, this home features a full basement with rough bath plumbing and walkout stairs, providing endless possibilities for customization. The attached front-entry garage and driveway accommodate up to four vehicles, ensuring you and your guests have plenty of parking space. Step out back and enjoy the open space view on the 11x14 deck. Set on a manageable 0.12-acre lot, this property is perfect for those seeking a serene lifestyle in a vibrant community.

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