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2322 Norris St, Wilmington, DE 19804

3 beds • 2 baths • 1120 sqft

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This property looks like a bad Airbnb investment with a projected -7.94% first-year return on $86,250 initial cash invested.

-7.94%

Cash On Cash

4.18%

Cap Rate

0.71

DSCR

$2,573

Rent

-$571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$325k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,250

Downpayment

20%

$65,000

Closing costs

1%

$3,250

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,573

Total Expenses

$3,144

Mortgage P&I

62%

$1,601

Property Taxes

8%

$194

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$643

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