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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 -13.97% first-year return on $102k initial cash invested.

-13.97%

Cash On Cash

2.91%

Cap Rate

0.47

DSCR

$2,451

Rent

-$1,187

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,451 income − $3,638 expenses = $1,187 out of pocket

Income$2,451Out of Pocket$1,187Mortgage P&I$2,06084%Property Taxes$26111%Insurance$1406%Management$36815%CapEx$984%Maintenance$984%Other$61325%

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

$2,451

Total Expenses

$3,638

Mortgage P&I

84%

$2,060

Property Taxes

11%

$261

Home Insurance

6%

$140

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$613

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