80 Welsh Tract Rd APT 101, Newark, DE, 19713 | $257/mo Cash Flow

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80 Welsh Tract Rd APT 101, Newark, DE, 19713 | $257/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

Rental property for sale in Newark at 80 Welsh Tract Rd APT 101, Newark, DE, 19713 generates $1,472/mo in rent and, after a $1,028/mo payment, leaves $257/mo in cash flow. Total monthly income is $1,472/mo, and annual cash flow is $3,081/yr on $69,615 invested. Return on cash invested sits at 24.33% in year one, and rental yield is 8.41% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 126.06% and total cumulative return in cash sums $87,760. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,472/mo property income rather than buyer’s personal income.

Condo

Built in 1969

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautiful move-in ready 2BR/2BA Condo in Villa Belmont. Upon entering the entry, you will notice the attention to detail. Features include a remodeled Kitchen with upgraded cabinets and a center island, new garbage disposal and new stainless-steel appliances. Primary bathroom has been updated with a full shower, neutral tile floors, new vanity, new toilet and new lights. Hall bathroom has been completely remodeled with a new tub, new tile surround, new vanity with granite countertop, new toilet, new tile floors and new lights. There are new laminate floors in the Primary bedroom and second bedroom. Interior has been freshly painted. There is an enclosed patio area off the living room with a private view that you will enjoy anytime of the year. $428. Monthly Condo fee includes basic cable, common area maintenance, exterior maintenance, lawn care, water, sewer, trash and snow removal. There is a Roof Replacement Fee Assessment in place. The Roof Assessment is in year 8 out of 10 years. The Buyer can pay $47.03 monthly or $564.36 yearly. There is a one-time fee Registration Fee of $50. for each new owner that is expected prior to the Registration Completion. The only thing left to do is move-in and enjoy the summer days around the Community Pool.