REI Lense

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$3,924 (target)

1 The Strand, New Castle, DE 19720

3 beds • 3 baths • 2325 sqft

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This property looks like a bad Mid-Term investment with a projected -16.27% first-year return on $212k initial cash invested.

-16.27%

Cash On Cash

2.57%

Cap Rate

0.42

DSCR

$3,924

Rent

-$2,878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,924 income − $6,802 expenses = $2,878 out of pocket

Income$3,924Out of Pocket$2,878Mortgage P&I$4,702120%Property Taxes$44111%Insurance$3248%Management$47112%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43211%

Investment Breakdown

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Purchase Price

$925k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$212k

Downpayment

20%

$185k

Closing costs

1%

$9,250

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,924

Total Expenses

$6,802

Mortgage P&I

120%

$4,702

Property Taxes

11%

$441

Home Insurance

8%

$324

HOA

0%

$0

Property Management

12%

$471

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$432

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