REI Lense

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$2,620 (target)

104 Garrett Rd, Newark, DE 19713

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Long-Term investment with a projected -2.47% first-year return on $70,854 initial cash invested.

-2.47%

Cash On Cash

6.05%

Cap Rate

0.99

DSCR

$2,620

Rent

-$146

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,620 income − $2,766 expenses = $146 out of pocket

Income$2,620Out of Pocket$146Mortgage P&I$1,71665%Property Taxes$2479%Insurance$1225%Management$26210%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

|

Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,854

Downpayment

20%

$67,480

Closing costs

1%

$3,374

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,620

Total Expenses

$2,766

Mortgage P&I

66%

$1,716

Property Taxes

9%

$247

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$262

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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