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56 S New St, Dover, DE 19904

2 beds • 1 baths • 1396 sqft

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This property looks like a bad Long-Term investment with a projected -0.74% first-year return on $47,250 initial cash invested.

-0.74%

Cash On Cash

6.19%

Cap Rate

1.05

DSCR

$1,640

Rent

-$29

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$225k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$47,250

Downpayment

20%

$45,000

Closing costs

1%

$2,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,640

Total Expenses

$1,669

Mortgage P&I

68%

$1,107

Property Taxes

3%

$57

Home Insurance

5%

$79

HOA

0%

$0

Property Management

10%

$164

CapEx

5%

$82

Vacancy

6%

$98

Maintenance

5%

$82

Other

0%

$0

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Comparable Property

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Beds

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SQFT

Distance

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2

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1475

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1.5

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1.7 mi

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1.3 mi

1255 S Forest Knoll St

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0.9 mi

2022 S American St

$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

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2

1

2020

0.9 mi

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$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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