378 Hobart Dr, Newark, DE, 19713 | $848/mo Cash Flow

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 378 Hobart Dr, Newark, DE, 19713 priced at $379,900 converts $3,046/mo rent into $848/mo cash flow after a $1,859/mo obligation. Total monthly income equals $3,046/mo, and annual cash flow totals $10,179/yr on $125,937 invested. Return on cash invested prints 27.99% in year one, and rental yield reads 9.62% against a $379,900 entry. Equity gained on principal adds $2,451/yr, while 5% annual appreciation compiles into $104,959 by year five. Five-year ROI reaches 145.68% and total cumulative return in cash sums $183,461. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,046/mo property income covering a $1,859/mo payment, not borrower’s personal income.

Single Family

Built in 1968

10,454 sqft lot

$N/A/sqft

No HOA