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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 -8.87% first-year return on $96,477 initial cash invested.

-8.87%

Cash On Cash

4.21%

Cap Rate

0.69

DSCR

$3,110

Rent

-$713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,110 income − $3,823 expenses = $713 out of pocket

Income$3,110Out of Pocket$713Mortgage P&I$1,90061%Property Taxes$2909%Insurance$1405%HOA$1Management$46615%CapEx$1244%Maintenance$1244%Other$77825%

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

$3,110

Total Expenses

$3,823

Mortgage P&I

61%

$1,900

Property Taxes

9%

$290

Home Insurance

5%

$140

HOA

0%

$1

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$778

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