REI Lense

REI Lense

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$2,448 (target)

103 Ridgeland Rd, Wilmington, DE 19803

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Long-Term investment with a projected -7.86% first-year return on $76,356 initial cash invested.

-7.86%

Cash On Cash

5.11%

Cap Rate

0.8

DSCR

$2,448

Rent

-$500

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,448 income − $2,948 expenses = $500 out of pocket

Income$2,448Out of Pocket$500Mortgage P&I$1,92779%Property Taxes$24510%Insurance$1406%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,356

Downpayment

20%

$72,720

Closing costs

1%

$3,636

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,448

Total Expenses

$2,948

Mortgage P&I

79%

$1,927

Property Taxes

10%

$245

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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