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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 -3.94% first-year return on $96,477 initial cash invested.

-3.94%

Cash On Cash

5.58%

Cap Rate

0.91

DSCR

$3,873

Rent

-$317

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,873 income − $4,190 expenses = $317 out of pocket

Income$3,873Out of Pocket$317Mortgage P&I$1,90049%Property Taxes$2907%Insurance$1404%HOA$1Management$58115%CapEx$1554%Maintenance$1554%Other$96825%

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

$3,873

Total Expenses

$4,190

Mortgage P&I

49%

$1,900

Property Taxes

7%

$290

Home Insurance

4%

$140

HOA

0%

$1

Property Management

15%

$581

CapEx

4%

$155

Vacancy

0%

$0

Maintenance

4%

$155

Other

25%

$968

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