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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 463 Preakness Run, Newark, DE, 19702 offers a 7.13% rental yield on a $539,900 purchase with $3,210/mo rent. Total monthly income registers $3,210/mo, and a $2,643/mo payment leaves $86/mo available for distribution. Annual cash flow reaches $1,027/yr on $177,627 to close, and return on cash invested stands at 20.64% in year one. Equity gained on principal adds $3,484/yr while 5% annual appreciation supports $149,164 over five years. Portfolio math shows five-year ROI at 106.2% and total cumulative return in cash at $188,635. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,210/mo property income against a $2,643/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
9,583 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Eric Buck • Long & Foster Real Estate, Inc.
Mls Name: Bright MLS
Mls ID: #DENC2088734
