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$2,826 (target)

505 McCabe Ave, Wilmington, DE 19802

3 beds • 2 baths • 1400 sqft

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This property might be a fair Mid-Term investment with a projected 5.5% first-year return on $66,363 initial cash invested.

5.5%

Cash On Cash

8.44%

Cap Rate

1.35

DSCR

$2,826

Rent

$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,826 income − $2,522 expenses = $304 cash flow

Income$2,826Mortgage P&I$1,20343%Property Taxes$2489%Insurance$1104%Management$33912%CapEx$1134%Vacancy$853%Maintenance$1134%Other$31111%Cash Flow$304

Investment Breakdown

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Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,363

Downpayment

20%

$46,060

Closing costs

1%

$2,303

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,826

Total Expenses

$2,522

Mortgage P&I

43%

$1,203

Property Taxes

9%

$248

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$339

CapEx

4%

$113

Vacancy

3%

$85

Maintenance

4%

$113

Other

11%

$311

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