








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Newark at 47 Covered Bridge Ln, Newark, DE, 19711 offers $3,828/mo rent that, after a $2,937/mo payment, leaves $356/mo cash flow. Total monthly income is $3,828/mo, and annual cash flow is $4,272/yr on $197,400 cash. Return on cash invested measures 22.22% in year one, and rental yield stands at 7.66% at a $600,000 entry. Equity gained on principal adds $3,872/yr while 5% annual appreciation compounds into $165,769 by year five. Five-year ROI records 114.69% and total cumulative return in cash reaches $226,392. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,828/mo property income versus a $2,937/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.84 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Debbie Baker • Patterson-Schwartz-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2094044