43 Reubens Cir, Newark, DE, 19702 | $578/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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43 Reubens Cir, Newark, DE, 19702 | $578/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Newark at 43 Reubens Cir, Newark, DE, 19702 priced at $239,999 converts $1,967/mo rent into $578/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,967/mo, and annual cash flow totals $6,936/yr on $79,560 invested. Return on cash invested prints 28.63% in year one, and rental yield reads 9.84% against a $239,999 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,307 by year five. Five-year ROI reaches 149.05% and total cumulative return in cash sums $118,586. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,967/mo property income covering a $1,175/mo payment, not borrower’s personal income.

Single Family

Built in 1983

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Investor Special or Handy Owner Occupant Opportunity! Welcome to 43 Reubens Circle a solid brick-front ranch in the well-located Taylortowne community of Newark. With 950 square feet of living space, this 2-bedroom, 1-bath home is full of potential and ready for a fresh vision. Whether youre looking to renovate and resell, buy and hold as a rental, or create your dream home, this property delivers a great opportunity in a desirable area. The homes open-concept main living area features vaulted ceilings, updated luxury vinyl plank flooring, and a cozy brick wood-burning fireplace that anchors the space. Natural light pours in through large windows, and a ceiling fan provides comfort year-round. The kitchen offers plenty of counter space, wood cabinetry, and overhead lightingideal for a redesign or refresh. A separate dining area includes chandelier lighting and easy access to the kitchen, living room, and backyard through sliding glass doors. Both bedrooms are generously sized with ample closet space, ceiling fans, and large windows. The full hall bath features a shower/tub combo, large vanity, and tile backsplash. The laundry area is tucked away in a convenient location off the main living space. Enjoy the screened-in rear porch, low-maintenance yard, and bonus storage shed. A one-car attached garage and a double-wide driveway offer parking for up to four vehicles. Situated just minutes from shopping, restaurants, and major highways, this home has a great footprint, great location, and great potential. Bring your toolbox and creativitythis is your chance to unlock serious value with a little TLC!

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