84 Welsh Tract Rd APT 108, Newark, DE, 19713 | $994/mo Cash Flow

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84 Welsh Tract Rd APT 108, Newark, DE, 19713 | $994/mo Cash Flow | Ziffy

Pending

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 Newark at 84 Welsh Tract Rd APT 108, Newark, DE, 19713 earns $994/mo cash flow from $1,862/mo rent with a $734/mo payment. Total monthly income totals $1,862/mo, and annual cash flow totals $11,932/yr on $49,692 capital. ROI tracks 43.92% on current figures, and rental yield reads 14.91% at a $149,900 purchase. Equity gained on principal adds $967/yr, and 5% annual appreciation supports $41,415 over five years. Five-year ROI reaches 231.15% and total cumulative return in cash sums $114,863. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,862/mo property income instead of your personal income.

Condo

Built in 1970

N/A lot

$N/A/sqft

No HOA

More details about the property

*Back on the market due to no fault of the seller!* This spacious one bedroom one bathroom unit, in the desirable community of Villa Belmont, is convenience at its best. It is close to the University of Delaware along with a number of restaurants and lots of shopping. Close proximity to Folk Memorial Park, Route 896 and the Interstate 95 overpass make this location impossible to beat. This first floor unit has been maintained well. Recent upgrades include a new AC unit in 2024 and a new furnace in 2023. It is close to the building's main entrance, laundry and trash rooms. The community amenities include a large swimming pool, personal storage room bin, use of the community room, bicycle parking, picnic/barbeque area, secure building entry, on-site laundry facilities, indoor mail room to name a few. Seller is offering a $1,000.00 credit to cover the roof assessment fee (currently in year 8 of 10) as well as the few minor cosmetic damages the unit has.