913 Cobble Creek Curv #913C, Newark, DE, 19702 | $339/mo Cash Flow

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913 Cobble Creek Curv #913C, Newark, DE, 19702 | $339/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 913 Cobble Creek Curv #913C, Newark, DE, 19702 generates $1,467/mo in rent and, after a $954/mo payment, leaves $339/mo in cash flow. Total monthly income is $1,467/mo, and annual cash flow is $4,070/yr on $64,643 invested. Return on cash invested sits at 26.2% in year one, and rental yield is 9.03% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 136.11% and total cumulative return in cash sums $87,982. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,467/mo property income rather than buyer’s personal income.

Condo

Built in 1975

N/A lot

$N/A/sqft

No HOA

More details about the property

Newly Renovated End-Unit Condominium: This beautifully updated end-unit condominium offers modern living in a bright and open setting. The kitchen has been completely renovated with brand-new countertops, flooring, ceiling, electric range, and a Frigidaire refrigerator. It opens seamlessly to a spacious living and dining areaperfect for entertaining or relaxing. The full bathroom has been entirely updated with contemporary finishes, while both bedrooms are filled with natural light, creating warm and inviting spaces. The entire unit has been freshly painted, and new carpeting has been installed throughout. A washer and dryer are conveniently located on the main living level for easy access. Situated in a desirable location close to downtown Newark, the University of Delaware, and I-95, this condo offers both comfort and convenience. This unit comes with 2 dedicated parking spaces! Truly a must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 19702, Newark, DE area.

Housing Distribution

Housing Statistics

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