7 Ridge AveNewarkDE19711
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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
Investment Highlights
Investment property for sale in Newark at 7 Ridge Ave, Newark, DE, 19711 at $375,000 posts ROI 25.44% with $573/mo cash flow from $2,742/mo rent. Total monthly income equals $2,742/mo, and annual cash flow records $6,872/yr on $124,313 to close. Return on cash invested measures 25.44% and rental yield reads 8.77% at the current $375,000. Equity gained on principal adds $2,420/yr, and 5% annual appreciation supports $103,606 by year five. Five-year ROI prints 131.96% and total cumulative return in cash totals $164,043.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,742/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1945
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 19711, Newark, DE area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,208 (100%) |
| Owner Occupied HU | 13,334 (60.0%) |
| Renter Occupied HU | 6,641 (29.9%) |
| Vacant Housing Units | 2,233 (10.1%) |
| Median Home Value | $405,647 |
| Average Home Value | $449,152 |
Housing Distribution
Address Breakdown
Residential
21,228
Single Family
18,177
Multi-Family
3,051
Businesses
1,045
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