7 Wichess Way, Newark, DE, 19702 | $244/mo Cash Flow

For Sale

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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 Newark at 7 Wichess Way, Newark, DE, 19702 priced at $499,000 pairs $3,131/mo rent with $244/mo cash flow after a $2,442/mo payment. Total monthly income equals $3,131/mo, and annual cash flow comes to $2,929/yr on $165,419 invested. Return on cash invested is 21.68% in year one, and rental yield stands at 7.53% on a $499,000 basis. Equity gained on principal adds $3,220/yr, and 5% annual appreciation accumulates to $137,865 by year five. Five-year ROI measures 111.83% and total cumulative return in cash reaches $184,986. For financing, Ziffy Mortgage’s DSCR program evaluates $3,131/mo property income against a $2,442/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1989

0.30 Acres 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