55 Oakmont DrNew CastleDE19720
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment Highlights
Rental property for sale in New Castle at 55 Oakmont Dr, New Castle, DE, 19720 generates $2,485/mo in rent and, after a $1,224/mo payment, leaves $1,038/mo in cash flow. Total monthly income is $2,485/mo, and annual cash flow is $12,457/yr on $82,875 invested. Return on cash invested sits at 34.94% in year one, and rental yield is 11.93% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 182.98% and total cumulative return in cash sums $151,642. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,485/mo property income rather than buyer’s personal income.
Townhouse
Built in 1959
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19720, New Castle, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,484 (100%) |
| Owner Occupied HU | 16,788 (68.6%) |
| Renter Occupied HU | 6,754 (27.6%) |
| Vacant Housing Units | 942 ( 3.8%) |
| Median Home Value | $299,178 |
| Average Home Value | $336,568 |
Housing Distribution
Address Breakdown
Residential
22,945
Single Family
20,868
Multi-Family
2,077
Businesses
1,721
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andy Mulrine • RE/MAX Associates-Hockessin
Mls Name: Bright MLS
Mls ID: #DENC2095894