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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Newark at 406 Pierce Run, Newark, DE, 19702 offers a 7.26% rental yield on a $450,000 purchase with $2,724/mo rent. 47% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,327 over five years. Portfolio math shows five-year ROI at 100.48% and total cumulative return in cash at $149,886. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,724/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
6,098 sqft lot
$N/A/sqft
$168 monthly HOA
Neighborhood data shown for ZIP Code: 19702, Newark, DE area.
| 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 |
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Date | Event | Price |
|---|---|---|
| 2024-10-15 | Listed for sale | $450,000 |
| 2012-12-31 | Sold | $293,140 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2638.36 | 0.59% | $61,400 | N/A |
| 2022-10-15 | $2622.90 | 2.13% | $61,400 | N/A |
| 2021-10-15 | $2568.16 | 2.58% | $61,400 | N/A |
Listed by: Angela Lewis Clement • EXP Realty, LLC
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2069986
Disclaimer: The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 Bright MLS, Inc. [Click here for more information](/info/mls-disclaimers/#mls_5632)
