819 Old Harmony RdNewarkDE19711
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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
Rental property for sale in Newark at 819 Old Harmony Rd, Newark, DE, 19711 priced at $369,000 pairs $2,592/mo rent with $457/mo cash flow after a $1,806/mo payment. Total monthly income equals $2,592/mo, and annual cash flow comes to $5,484/yr on $122,324 invested. Return on cash invested is 24.39% in year one, and rental yield stands at 8.43% on a $369,000 basis. Equity gained on principal adds $2,381/yr, and 5% annual appreciation accumulates to $101,948 by year five. Five-year ROI measures 126.35% and total cumulative return in cash reaches $154,551. For financing, Ziffy Mortgage’s DSCR program evaluates $2,592/mo property income against a $1,806/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1958
9,148 sqft 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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