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$1,884 (target)

505 McCabe Ave, Wilmington, DE 19802

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -4.12% first-year return on $48,363 initial cash invested.

-4.12%

Cash On Cash

5.89%

Cap Rate

0.94

DSCR

$1,884

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,884 income − $2,050 expenses = $166 out of pocket

Income$1,884Out of Pocket$166Mortgage P&I$1,20364%Property Taxes$24813%Insurance$1106%Management$18810%CapEx$945%Vacancy$1136%Maintenance$945%

Investment Breakdown

|

Purchase Price

$230k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$48,363

Downpayment

20%

$46,060

Closing costs

1%

$2,303

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,884

Total Expenses

$2,050

Mortgage P&I

64%

$1,203

Property Taxes

13%

$248

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$188

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

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