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2117 Louisa Ave, Wilmington, DE 19808

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Airbnb investment with a projected -10.79% first-year return on $102k initial cash invested.

-10.79%

Cash On Cash

3.79%

Cap Rate

0.61

DSCR

$2,969

Rent

-$917

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,969 income − $3,886 expenses = $917 out of pocket

Income$2,969Out of Pocket$917Mortgage P&I$2,06069%Property Taxes$2619%Insurance$1405%Management$44515%CapEx$1194%Maintenance$1194%Other$74225%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,969

Total Expenses

$3,886

Mortgage P&I

69%

$2,060

Property Taxes

9%

$261

Home Insurance

5%

$140

HOA

0%

$0

Property Management

15%

$445

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$742

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