605 Longleaf Dr, Newark, DE, 19702 | $278/mo Cash Flow

For Sale

Listed for sale 5 days ago

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 605 Longleaf Dr, Newark, DE, 19702 offers a 7.52% rental yield on a $580,000 purchase with $3,634/mo rent. Total monthly income registers $3,634/mo, and a $2,839/mo payment leaves $278/mo available for distribution. Annual cash flow reaches $3,334/yr on $190,820 to close, and return on cash invested stands at 21.81% in year one. Equity gained on principal adds $3,743/yr while 5% annual appreciation supports $160,243 over five years. Portfolio math shows five-year ROI at 112.45% and total cumulative return in cash at $214,581. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,634/mo property income against a $2,839/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Townhouse

Built in 2022

5,663 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 19702, Newark, DE area.

Housing Distribution

Housing Statistics

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