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61 Kennard Drive
Newark, DE 19711
Asking Price
$4.55M
Cap Rate
5%
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
Multifamily | 5.83% CAP | 8 Units <ul><li>(8) single-family student rentals near UD campus</li><li>University of Delaware enrollment drives consistent rental demand</li><li>Opportunity to optimize rents to current market rates</li><li>All 8 properties offered as a single portfolio transaction</li></ul>
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NOI
$80,000
Cap Rate
1.76%
DSCR
0.30
Underwater
Cash-on-Cash
-13.94%
Monthly Payment
$22,535.655
Annual Cash Flow
$-190,427.856
