REI Lense

REI Lense

Unlock all features! Tap here to upgrade

29 E Cherokee Dr, Newark, DE 19713

3 beds • 2 baths • 1500 sqft

Email

This property looks like a bad Airbnb investment with a projected -9.96% first-year return on $93,705 initial cash invested.

-9.96%

Cash On Cash

4.15%

Cap Rate

0.65

DSCR

$2,929

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,929 income − $3,707 expenses = $778 out of pocket

Income$2,929Out of Pocket$778Mortgage P&I$1,90765%Property Taxes$2579%Insurance$1385%Management$43915%CapEx$1174%Maintenance$1174%Other$73225%

Investment Breakdown

|

Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,929

Total Expenses

$3,707

Mortgage P&I

65%

$1,907

Property Taxes

9%

$257

Home Insurance

5%

$138

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$732

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis