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15 Cassandra Rd, Newark, DE 19702

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Airbnb investment with a projected -9.12% first-year return on $96,477 initial cash invested.

-9.12%

Cash On Cash

4.14%

Cap Rate

0.68

DSCR

$3,073

Rent

-$733

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,073 income − $3,806 expenses = $733 out of pocket

Income$3,073Out of Pocket$733Mortgage P&I$1,90062%Property Taxes$2909%Insurance$1405%HOA$1Management$46115%CapEx$1234%Maintenance$1234%Other$76825%

Investment Breakdown

|

Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,477

Downpayment

20%

$74,740

Closing costs

1%

$3,737

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,073

Total Expenses

$3,806

Mortgage P&I

62%

$1,900

Property Taxes

9%

$290

Home Insurance

5%

$140

HOA

0%

$1

Property Management

15%

$461

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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