708 Willings Way, New Castle, DE, 19720 | $375/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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708 Willings Way, New Castle, DE, 19720 | $375/mo Cash Flow | Ziffy

For Sale

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 New Castle at 708 Willings Way, New Castle, DE, 19720 earns $375/mo cash flow from $1,388/mo rent with a $857/mo payment. Total monthly income totals $1,388/mo, and annual cash flow totals $4,500/yr on $58,013 capital. ROI tracks 27.67% on current figures, and rental yield reads 9.52% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 143.92% and total cumulative return in cash sums $83,491. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,388/mo property income instead of your personal income.

Condo

Built in 1988

N/A lot

$N/A/sqft

No HOA

More details about the property

Why Rent when you can Buy ! Welcome to this beautiful 2 bedroom, 2 bathroom condominium in New Castle, DE. Step inside to find this spacious and bright living room with plenty of natural light. This unit also features a lovely balcony, perfect for enjoying the outdoors . This condo amenities include an outdoor pool, giving you a great place to relax and unwind on those warm summer days. The condo is conveniently located in New Castle, providing easy access to dining, shopping, and entertainment options. The condo fee includes common area maintenance, exterior building maintenance, pool access, trash removal, and snow removal, water and sewer. Don't miss out on the opportunity to make this your new home. Schedule a showing today and see all that this property has to offer!

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