550 Arrowgrass LnNew CastleDE19720
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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 550 Arrowgrass Ln, New Castle, DE, 19720 offers $3,319/mo rent that, after a $985/mo payment, leaves $2,155/mo cash flow. Total monthly income is $3,319/mo, and annual cash flow is $25,855/yr on $66,698 cash. Return on cash invested measures 58.67% in year one, and rental yield stands at 19.8% at a $201,200 entry. Equity gained on principal adds $1,298/yr while 5% annual appreciation compounds into $55,588 by year five. Five-year ROI records 310.21% and total cumulative return in cash reaches $206,905. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,319/mo property income versus a $985/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
N/A 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
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Listed by: N/A • N/A
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A