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Strong fitTownhouse24d on market

$159,900

301 E 24th St

Wilmington DE 19802

3 beds1 bath1,450 sqft
99
Deal score
Est. rent
$1,900/mo
Cash flow
$908/mo
Cap rate
12.9%
Cash-on-cash
27.2%
Max offer
$159,900
Rental verdict

Works right at asking price for a 1.2 DSCR and 8% cash-on-cash.

These numbers assume a 25% down payment on this price. Set your own down payment and every number re-runs your way.

Pro forma

Cash flow
$908/mo
Cap rate
12.9%
Cash-on-cash
27.2%
DSCR
2.12
Purchase price$159,900
Interior finishes budgetNone modeled

What you'd spend on interior finishes before renting — starts at zero, set your own number (our photo-based estimate is $12,000). Counted as upfront cash: it raises cash to close and is part of the cash-on-cash return.

Down payment25.0% · $39,975
Interest rate7.18%
Monthly rent$1,900/mo
Adjust assumptions

Every number on this page assumes the home stays rented and nothing is set aside. That is deliberate, but it is not what most landlords spend. Standard investor assumptions (18% of rent, about $342/mo for management, vacancy, maintenance and CapEx) would put cash flow at $566/mo. Set your own below.

Property management0% of rent · $0/mo
Vacancy (empty between tenants)0% of rent · $0/mo
Maintenance (small repairs)0% of rent · $0/mo
CapEx (saving for big repairs)0% of rent · $0/mo

Expenses owners pay

Tenants typically pay their own utilities on this home type, and the association dues (charged in full above) carry trash and exterior upkeep, so every line opens at $0. If you'll pay any of these as the owner, set them here — they come straight out of the cash flow above.

Water & sewer$0/mo
Trash$0/mo
Common-area electric$0/mo
Heat & gas (if owner-paid)$0/mo
Caretaker / lawn & snow$0/mo
Total owner-paid expenses$0/mo

Monthly payment (PITI)

  • Principal & interest$812
  • Property tax$160
  • Insurance$20
  • Total payment$992/mo

Cash-flow math charges taxes, insurance, HOA, PMI in full and holds nothing back from rent. Management, vacancy, maintenance and CapEx are yours to set above. Insurance runs lighter here: the association’s dues cover the structure’s master policy and exterior upkeep.

Cash you'd need to close (est.)

  • Down payment (25.0%)$39,975
  • Closing costs (~3%: title, lender, prepaid escrow)$4,797
  • Reserves (2 months of payments)$1,985
  • Total cash to close$46,757

An estimate — your lender's Loan Estimate is the real number. Doesn't include any repairs needed before renting.

Where it sits

301 E 24th St in context: the streets, water and amenities around it.

Street View ↗
Townhouse
Home type
$110
Price per sqft
Not reported
HOA
24 days
On the market

Monthly payment

$887per month, estimated
Principal and interest
$867
Home insurance (estimate)
$20
HOA
$0
$159,900
Home price

Estimate only. The rate starts at the national 30 year average (Freddie Mac). Taxes come from the county rate on the listing; insurance is a typical amount for the area, not a quote.

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Information deemed reliable but not guaranteed. School ratings, flood data and tax records come from third parties. Status can lag the MLS by up to about 12 hours.