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1226 NEW ST
WILMINGTON, DE 19808-5820
Asking Price
$550K
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
RESIDENTIAL MULTI TENANT RENTAL - Coming Soon <p><span style="color: rgba(0, 0, 0, 1)">PROFORMA (Currently Vacant)</span></p><p>3 BR/2 BA Home- $2,600/Mo</p><p>2 BR/1 BA Apartment - $1,350/Mo</p><p>Income: $3,950/Mo - $47,400/Yr</p><p>Property Tax: $4,058/Yr</p><p>Insurance: ~ 1,500/Yr</p><p></p><p>Net Operation Income: $3,486/Mo - $41,842/Yr. Est.</p>
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NOI
$80,000
Cap Rate
14.55%
DSCR
2.45
Strong
Cash-on-Cash
28.70%
Monthly Payment
$2,721.1
Annual Cash Flow
$47,346.801
