60 Welsh Tract Rd APT 208, Newark, DE, 19713 | $285/mo Cash Flow

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60 Welsh Tract Rd APT 208, Newark, DE, 19713 | $285/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Newark at 60 Welsh Tract Rd APT 208, Newark, DE, 19713 earns $285/mo cash flow from $1,211/mo rent with a $783/mo payment. Total monthly income totals $1,211/mo, and annual cash flow totals $3,424/yr on $53,040 capital. ROI tracks 26.36% on current figures, and rental yield reads 9.08% at a $160,000 purchase. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,205 over five years. Five-year ROI reaches 136.99% and total cumulative return in cash sums $72,662. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,211/mo property income instead of your personal income.

Condo

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

COMING SOON! Welcome to this beautifully maintained 1-bedroom condo in the sought-after community of Villa Belmont. Filled with natural light, this home features new flooring (2024) and a brand-new hot water heater (2024), making it completely move-in ready. An enclosed porch provides the perfect spot to enjoy your morning coffee or unwind in the evenings. Pride of ownership is evident throughout. Ideally located in the heart of Newark, you will appreciate being just minutes from the University of Delaware, downtown shops and dining, and with quick access to 896 and major commuting routes, convenience is right at your doorstep.