819 Old Harmony Rd, Newark, DE, 19711 | $275/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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819 Old Harmony Rd, Newark, DE, 19711 | $275/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 819 Old Harmony Rd, Newark, DE, 19711 priced at $369,000 pairs $2,410/mo rent with $275/mo cash flow after a $1,806/mo payment. Total monthly income equals $2,410/mo, and annual cash flow comes to $3,300/yr on $122,324 invested. Return on cash invested is 22.61% in year one, and rental yield stands at 7.84% 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 116.77% and total cumulative return in cash reaches $142,839. For financing, Ziffy Mortgage’s DSCR program evaluates $2,410/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

More details about the property

Move right in to this updated 3-bedroom, 2-bath ranch in Newark, Delaware. Enjoy a bright, airy interior with fresh finishes, spacious bedrooms, and a stylish new tiled bath. The fully finished basement provides excellent extra living space for a family room, office, or gym, along with updated utilities and ample storage. Outside, youll find a large yard and plenty of parking. A perfect turnkey home with room to grow! Some photos virtually staged.

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