402 Maple AveNewportDE19804
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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
Investment Highlights
Investment property for sale in Newport at 402 Maple Ave, Newport, DE, 19804 uses $102,732 cash to close to unlock $7,592/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $2,426/mo, and a $1,517/mo payment keeps the spread at $633/mo. Purchase price stands at $309,900, and rental yield measures 9.39% with $2,426/mo rent. Return on cash invested shows 27.3% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 141.96% and total cumulative return in cash records $145,836. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,426/mo property income covering a $1,517/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19804, Wilmington, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,826 (100%) |
| Owner Occupied HU | 5,844 (74.7%) |
| Renter Occupied HU | 1,627 (20.8%) |
| Vacant Housing Units | 355 ( 4.5%) |
| Median Home Value | $281,986 |
| Average Home Value | $345,482 |
Housing Distribution
Address Breakdown
Residential
7,601
Single Family
6,871
Multi-Family
730
Businesses
985
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