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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Newark at 904 Waters Edge Dr, Newark, DE, 19702 generates $1,511/mo in rent, after a $1,077/mo payment. Total monthly income is $1,511/mo. Return on cash invested sits at 19.46% in year one, and rental yield is 8.24% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 101.5% and total cumulative return in cash sums $74,027. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,511/mo property income rather than buyer’s personal income.
Condo
Built in 1991
N/A lot
$N/A/sqft
$242 monthly HOA
Neighborhood data shown for ZIP Code: 19702, Newark, DE area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 22,212 (100%) |
| Owner Occupied HU | 14,557 (65.5%) |
| Renter Occupied HU | 6,887 (31.0%) |
| Vacant Housing Units | 768 ( 3.5%) |
| Median Home Value | $366,125 |
| Average Home Value | $375,328 |
Residential
21,602
Single Family
19,437
Multi-Family
2,165
Businesses
1,132
Date | Event | Price |
|---|---|---|
| 2025-06-02 | Listed for sale | $220,000 |
| 2019-08-06 | Listing removed | $120,000 |
| 2019-08-05 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-09 | $1532.93 | 2.82% | $36,000 | N/A |
| 2023-06-09 | $1490.93 | 0.23% | $36,000 | N/A |
| 2022-06-09 | $1487.46 | 2.15% | $36,000 | N/A |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
