733 Colgate Ln, Newark, DE, 19711 | 5.1% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

733 Colgate Ln, Newark, DE, 19711 | 5.1% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
3 Bath
2100 sft

29 N Fawn Dr, Newark, DE, 19711

3 Bed
3 Bath
1220 sft

64 Honeylocust Cir, Elkton, MD, 21921

3 Bed
4 Bath
1440 sft

51 Hickory Dr NE #51, North East, MD, 21901

3 Bed
2 Bath
1363 sft

121 Woodall Rd, Perryville, MD, 21903

Nearby investment properties with comparable prices

3 Bed
3 Bath
1900 sft

314 N Stokes St, Havre De Grace, MD, 21078

4 Bed
2 Bath
2123 sft

737 Ontario St, Havre De Grace, MD, 21078

3 Bed
3 Bath
2604 sft

161 Waterwheel Dr, Port Deposit, MD, 21904

3 Bed
4 Bath
2374 sft

27 Yarmouth Ln, North East, MD, 21901

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Newark at 733 Colgate Ln, Newark, DE, 19711 offers $1,912/mo rent that, after a $2,202/mo payment. Total monthly income is $1,912/mo. Return on cash invested measures 14.35% in year one, and rental yield stands at 5.1% at a $449,900 entry. Equity gained on principal adds $2,903/yr while 5% annual appreciation compounds into $124,299 by year five. Five-year ROI records 72.49% and total cumulative return in cash reaches $108,106. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,912/mo property income versus a $2,202/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1961

10,019 sqft lot

$N/A/sqft

No HOA

More details about the property

Living in Nottingham Green means embracing a lifestyle of comfort and community. Enjoy leisurely strolls through tree-lined streets and take advantage of the nearby amenities Newark has to offer. This Colonial-style residence offers a blend of classic elegance and modern comfort. Built in 1961, this charming home boasts a timeless brick front and new vinyl siding, windows and roof. Exuding curb appeal that invites you to explore further. Step inside to discover a spacious layout that encompasses 2,100 square feet of potential, featuring four generously sized bedrooms and two and a half bathrooms. The heart of the home is its recent renovated kitchen with white shaker cabinetry, granite countertops and stainless appliances that has an open plan, connecting to the dining room. A cozy living area, complete with a fireplace, serves as a focal point for gatherings. The family room with recently refinished hardwood flooring offers a second relaxation space. The first floor laundry is a huge plus. The freshly painted unfinished basement housing the new mechanicals (water heater, heater and electrical panel) presents a canvas for your imagination, offering ample space for customization-whether you envision a home gym, a media room, or additional storage, the possibilities are endless. The community pool is just a stone's throw away, perfect for those hot summer days when you want to unwind and soak up the sun. All of this while located within the 5 mile radius of the coveted Newark Charter School, a K-12 public charter school. Welcome home.

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