66 Arden Ave, New Castle, DE, 19720 | $218/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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66 Arden Ave, New Castle, DE, 19720 | $218/mo Cash Flow | Ziffy

For Sale

Fix & Flip

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 66 Arden Ave, New Castle, DE, 19720 generates $1,404/mo in rent and, after a $1,003/mo payment, leaves $218/mo in cash flow. Total monthly income is $1,404/mo, and annual cash flow is $2,619/yr on $67,958 invested. Return on cash invested sits at 23.76% in year one, and rental yield is 8.22% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 123.03% and total cumulative return in cash sums $83,610. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,404/mo property income rather than buyer’s personal income.

Single Family

Built in 1953

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Situated in popular Castle Hills neighborhood, this charming home presents a fantastic opportunity for first-time homebuyers seeking to achieve their goal of home ownership. This property has been lovingly cared for by its original owners, therefore, allowing future owners the chance to personalize and update the home according to their own preferences. This traditional bungalow style home offers three bedrooms and one full bath. A bonus feature is the expansive three-season addition, which measures 35'x 8' and adds approximately 850 square feet of extra living space. This versatile area significantly increases options for functionality and comfort. The home is positioned on a large, fenced-in corner lot with a front and back deck, providing plenty of space for outdoor enjoyment. In addition to the the main residence, the property includes two outbuildings - a shed and a converted garage. These structures are perfect for the woodworking enthusiast, car hobbyist, or anyone needing extra dedicated work space. Home is being sold in "as-is" condition. Schedule your tour today and be home for the holidays.

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