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703 Spinnaker St, Middletown, DE 19709

3 beds • 3 baths • 2550 sqft

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This property looks like a bad Mid-Term investment with a projected -8.25% first-year return on $161k initial cash invested.

-8.25%

Cash On Cash

4.31%

Cap Rate

0.73

DSCR

$4,500

Rent

-$1,105

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$680k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,800

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,500

Total Expenses

$5,605

Mortgage P&I

75%

$3,367

Property Taxes

10%

$453

Home Insurance

5%

$238

HOA

0%

$17

Property Management

12%

$540

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$495

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