610 W 11th St #A023, New Castle, DE, 19720 | $322/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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610 W 11th St #A023, New Castle, DE, 19720 | $322/mo Cash Flow | Ziffy

For Sale

Rental Income

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

Rental property for sale in New Castle at 610 W 11th St #A023, New Castle, DE, 19720 generates $1,160/mo in rent and, after a $709/mo payment, leaves $322/mo in cash flow. Total monthly income is $1,160/mo, and annual cash flow is $3,861/yr on $48,034 invested. Return on cash invested sits at 27.95% in year one, and rental yield is 9.61% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 145.45% and total cumulative return in cash sums $69,865. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,160/mo property income rather than buyer’s personal income.

Condo

Built in 1973

N/A lot

$N/A/sqft

No HOA

More details about the property

Discover this very affordable first-floor studio flat that has been lovingly cared for and offers surprising value. If you are looking for an affordable home with the HOA fees covering water, including hot water, with electric being the ONLY utility you pay as well as a pet friendly, no breed restriction complex, HERE IT IS! Featuring an updated kitchen and an updated bathroom, this efficient home includes a Murphy bed, air conditioning, and natural gas heat. The building also provides convenient laundry facilities. With reasonable HOA fees, this is an excellent opportunity for someone looking for a cost-effective place to liveor for an investor seeking a great rental option. Located close to shopping, medical facilities, and major highway routes, this property ensures easy access to all areas in and around the state. Owning this home could cost you less than renting, making it a smart and affordable choice. Make your appointment today!

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