$285,000
●
House -
Off Market
49 NORTHFIELD RD
NEWARK, DE 19713
3 Beds
1 Bath
1,600 Ft²
$1,400
Est. Monthly
About This Property
Traditional split-level home in Scottfield at the end of a
cul-de-sac. The home features a comfortable living room with
picture window and adjacent kitchen/breakfast area. Large
pantry in the kitchen that also includes 42" cabinets and tile
countertops. Up just 4 steps to the upper level that includes
3 bedrooms with good closet space and a full bath. Steps from
the kitchen lead to the back door and the covered porch, plus
access to the lower level family room. Off the family room is
a small den that could be a home office or possible 4th bedroom.
There is also a utility room with hookups for the
washer/dryer, the heat pump and water heater. There is a
crawl space under the living room and kitchen with access from the
utility room. This home is in generally good condition and
has tons of potential! This home may be eligible for standard FHA
financing (subject to lender approval and the buyer's appraisal).
The property is sold in "as is" condition. Offers are restricted to
owner-occupant buyers through March 7, 2024. First review of
offers will be on Tuesday, 2/20/2024 for offers submitted by
midnight, 2/19.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$178
Property Type
House
Property Taxes
$83
HOA Dues
-
Year Built
1977
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (Bright MLS #DENC2055932)
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Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Scottfield
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Listed by: Stephen Marcus
Brokers Realty Group, LLC
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DENC2055932
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Brokers Realty Group, LLC
Last Updated: 2 hours ago
Data Source: Bright MLS , MLS# DENC2055932
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