REI Lense

REI Lense

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$2,616 (target)

1 The Strand, New Castle, DE 19720

3 beds • 3 baths • 2325 sqft

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This property looks like a bad Long-Term investment with a projected -21.82% first-year return on $194k initial cash invested.

-21.82%

Cash On Cash

1.69%

Cap Rate

0.28

DSCR

$2,616

Rent

-$3,532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,616 income − $6,148 expenses = $3,532 out of pocket

Income$2,616Out of Pocket$3,532Mortgage P&I$4,702180%Property Taxes$44117%Insurance$32412%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$925k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$185k

Closing costs

1%

$9,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,616

Total Expenses

$6,148

Mortgage P&I

180%

$4,702

Property Taxes

17%

$441

Home Insurance

12%

$324

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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