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316 Mitchell Dr, Wilmington, DE 19808

4 beds • 3 baths • 2100 sqft

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This property looks like a bad Airbnb investment with a projected -1.69% first-year return on $124k initial cash invested.

-1.69%

Cash On Cash

6%

Cap Rate

1.01

DSCR

$5,248

Rent

-$175

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$95,500

Closing costs

1%

$4,775

Rehab

0%

$0

Furnishing

5%

$24,000

Cashflow

Total Income

$5,248

Total Expenses

$5,423

Mortgage P&I

45%

$2,352

Property Taxes

7%

$360

Home Insurance

4%

$192

HOA

0%

$0

Property Management

15%

$787

CapEx

4%

$210

Vacancy

0%

$0

Maintenance

4%

$210

Other

25%

$1,312

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