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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in New Castle, DE
$ 200,000
ROI
28.2
Cash Flow/m
470- 2 Bed
- 2 Bath
- 855 sft
213 Highland Blvd #44, New Castle, DE, 19720
$ 179,000
ROI
27.6Cash Flow/m
392- 2 Bed
- 2 Bath
- 1043 sft
810 Willings Way #810, New Castle, DE, 19720
Rental Income
$ 144,900
ROI
27.7Cash Flow/m
322- 1 Bed
- 1 Bath
- - sft
610 W 11th St #A023, New Castle, DE, 19720
$ 187,000
ROI
36.0Cash Flow/m
846- 2 Bed
- 2 Bath
- - sft
506 Ashton Ln #506, New Castle, DE, 19720
Why Invest in New Castle, Delaware?
New Castle, DE offers strong opportunities for condo investors seeking steady rental income near Wilmington. With a competitive market and home values up 2.1% annually, condos provide accessible entry points around $277K. Rental yields average 6.2%, supported by low vacancy and proximity to jobs. Cap rates hover at 5.8%, with appreciation at 2.1% and 45% renter occupancy driving demand. Cash flow averages $450 monthly, ideal for passive income strategies.
7.2%
Avg. ROI
6.2%
Rental Yield
5.8%
Cap Rate
$450/mo
Avg. Cash Flow
$1450/mo
Avg. Rent
2.1%
1Y Appreciation
Frequently Asked Questions
Yes, condos offer solid rental yields of 6.2% and cap rates around 5.8% in a competitive market. Proximity to jobs and low vacancy support steady cash flow. Values have appreciated 2.1% yearly, per market data.
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