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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 45 Covered Bridge Ln, Newark, DE, 19711 at $600,000 posts ROI 20.58% with $86/mo cash flow from $3,704/mo rent. Total monthly income equals $3,704/mo, and annual cash flow records $1,035/yr on $197,400 to close. Return on cash invested measures 20.58% and rental yield reads 7.41% at the current $600,000. Equity gained on principal adds $3,872/yr, and 5% annual appreciation supports $165,769 by year five. Five-year ROI prints 106.24% and total cumulative return in cash totals $209,712.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,704/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
0.82 Acres lot
$N/A/sqft
$495 annually HOA
Neighborhood data shown for ZIP Code: 19711, Newark, DE area.
| 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 |
Residential
21,228
Single Family
18,177
Multi-Family
3,051
Businesses
1,045
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Listed for sale | $600,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-15 | $4673.64 | 3.13% | $121,500 | N/A |
| 2023-09-15 | $4531.91 | 0.26% | $121,500 | N/A |
| 2022-09-15 | $4520.18 | 0.13% | $121,500 | N/A |
Listed by: Linda Hanna • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls Provider:
Mls ID: #DENC2088652
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 2025 Bright MLS, Inc. [Click here for more information](/mls-disclaimers/#5632)
