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$3,638 (target)

16 Pike Pl, Newark, DE 19702

3 beds • 3 baths • 2275 sqft

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This property looks like a bad Mid-Term investment with a projected -3.41% first-year return on $99,102 initial cash invested.

-3.41%

Cash On Cash

6.34%

Cap Rate

0.94

DSCR

$3,638

Rent

-$282

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,638 income − $3,920 expenses = $282 out of pocket

Income$3,638Out of Pocket$282Mortgage P&I$2,17860%Property Taxes$3359%Insurance$1524%HOA$17Management$43712%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40011%

Investment Breakdown

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Purchase Price

$386k

Downpayment

20.0%

Interest Rate

7.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,102

Downpayment

20%

$77,240

Closing costs

1%

$3,862

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,638

Total Expenses

$3,920

Mortgage P&I

60%

$2,178

Property Taxes

9%

$335

Home Insurance

4%

$152

HOA

0%

$17

Property Management

12%

$437

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$400

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