4 Harkness Ct, Newark, DE, 19711 | $768/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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4 Harkness Ct, Newark, DE, 19711 | $768/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 Newark at 4 Harkness Ct, Newark, DE, 19711 priced at $499,900 converts $3,661/mo rent into $768/mo cash flow after a $2,447/mo obligation. Total monthly income equals $3,661/mo, and annual cash flow totals $9,219/yr on $165,717 invested. Return on cash invested prints 25.47% in year one, and rental yield reads 8.79% against a $499,900 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation compiles into $138,113 by year five. Five-year ROI reaches 132.16% and total cumulative return in cash sums $219,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,661/mo property income covering a $2,447/mo payment, not borrower’s personal income.

Single Family

Built in 1971

7,841 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this fully renovated 4 bed 3 full bath hillside ranch, offering modern style and a flexible open floor plan. Step into the foyer that flows seamlessly into the expansive main level featuring a stunning kitchen with brand-new white cabinetry, quartz countertops, stainless steel appliances, and a spacious center island. The kitchen opens to the dining area on one side and a bright living room on the other, complete with a slider leading to a private screened-in porch. The main level also includes a large front bedroom, an additional bedroom, and a luxurious primary suite with a walk-in closet and spa-like bath showcasing porcelain marble finishes and a double vanity. The lower level offers an impressive second primary suite or in-law retreat with a walk-in closet and an upgraded bath with porcelain marble tile and a walk-in shower. This level also includes a generous family room, a large laundry room with wash sink, and convenient access to the oversized one-car garage at ground level. This thoughtfully designed home blends comfort and elegance throughout, perfect for everyday living and entertaining.

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