402 Stafford AveNewarkDE19711
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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
Rental property for sale in Newark at 402 Stafford Ave, Newark, DE, 19711 generates $2,861/mo in rent and, after a $1,835/mo payment, leaves $692/mo in cash flow. Total monthly income is $2,861/mo, and annual cash flow is $8,300/yr on $124,313 invested. Return on cash invested sits at 26.59% in year one, and rental yield is 9.16% on a $375,000 entry. Equity gained on principal adds $2,420/yr, while 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 138.12% and total cumulative return in cash sums $171,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,861/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
10,019 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
21,228
Single Family
18,177
Multi-Family
3,051
Businesses
1,045
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