4 Wright Cir, Newark, DE, 19702 | $642/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1960 sft

261 S 3rd St, Oxford, PA, 19363

3 Bed
2 Bath
1075 sft

119 Caroline St, Charlestown, MD, 21914

3 Bed
3 Bath
1949 sft

503 W 5th St, Wilmington, DE, 19801

3 Bed
1 Bath
1050 sft

617 Geddes St, Wilmington, DE, 19805

Nearby investment properties with comparable prices

3 Bed
2 Bath
994 sft

22 Alloway Rd, Woodstown, NJ, 08098

3 Bed
2 Bath
1116 sft

26 N Stockton Dr, New Castle, DE, 19720

3 Bed
1 Bath
1500 sft

472 Morehouse Dr, Wilmington, DE, 19801

2 Bed
1 Bath
1200 sft

105 Rothwell Rd, Wilmington, DE, 19805

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Newark at 4 Wright Cir, Newark, DE, 19702 priced at $315,000 converts $2,465/mo rent into $642/mo cash flow after a $1,542/mo obligation. Total monthly income equals $2,465/mo, and annual cash flow totals $7,706/yr on $104,423 invested. Return on cash invested prints 27.29% in year one, and rental yield reads 9.39% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 141.93% and total cumulative return in cash sums $148,205. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,465/mo property income covering a $1,542/mo payment, not borrower’s personal income.

Single Family

Built in 1980

7,841 sqft lot

$N/A/sqft

No HOA

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