404 Park AveNew CastleDE19720
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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 New Castle at 404 Park Ave, New Castle, DE, 19720 priced at $449,900 converts $3,322/mo rent into $719/mo cash flow after a $2,202/mo obligation. Total monthly income equals $3,322/mo, and annual cash flow totals $8,626/yr on $149,142 invested. Return on cash invested prints 25.69% in year one, and rental yield reads 8.86% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 133.32% and total cumulative return in cash sums $198,838. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,322/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19720, New Castle, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,484 (100%) |
| Owner Occupied HU | 16,788 (68.6%) |
| Renter Occupied HU | 6,754 (27.6%) |
| Vacant Housing Units | 942 ( 3.8%) |
| Median Home Value | $299,178 |
| Average Home Value | $336,568 |
Housing Distribution
Address Breakdown
Residential
22,945
Single Family
20,868
Multi-Family
2,077
Businesses
1,721
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Listed by: Steve Larrimore • BHHS Fox & Roach - Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2084230