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203 Hazel Ridge Dr, Wilmington, DE 19810

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Airbnb investment with a projected -7.5% first-year return on $96,330 initial cash invested.

-7.5%

Cash On Cash

4.12%

Cap Rate

0.73

DSCR

$2,916

Rent

-$602

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,916 income − $3,518 expenses = $602 out of pocket

Income$2,916Out of Pocket$602Mortgage P&I$1,76561%Property Taxes$1876%Insurance$1666%Management$43715%CapEx$1174%Maintenance$1174%Other$72925%

Investment Breakdown

|

Purchase Price

$373k

Downpayment

20.0%

Interest Rate

5.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,330

Downpayment

20%

$74,600

Closing costs

1%

$3,730

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,916

Total Expenses

$3,518

Mortgage P&I

61%

$1,765

Property Taxes

6%

$187

Home Insurance

6%

$166

HOA

0%

$0

Property Management

15%

$437

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$729

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