REI Lense

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$3,930 (target)

104 Garrett Rd, Newark, DE 19713

3 beds • 2 baths • 1875 sqft

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This property might be a fair Mid-Term investment with a projected 6.87% first-year return on $88,854 initial cash invested.

6.87%

Cash On Cash

8.47%

Cap Rate

1.39

DSCR

$3,930

Rent

$509

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,930 income − $3,421 expenses = $509 cash flow

Income$3,930Mortgage P&I$1,71644%Property Taxes$2476%Insurance$1223%Management$47212%CapEx$1574%Vacancy$1183%Maintenance$1574%Other$43211%Cash Flow$509

Investment Breakdown

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Purchase Price

$337k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,854

Downpayment

20%

$67,480

Closing costs

1%

$3,374

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,930

Total Expenses

$3,421

Mortgage P&I

44%

$1,716

Property Taxes

6%

$247

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$472

CapEx

4%

$157

Vacancy

3%

$118

Maintenance

4%

$157

Other

11%

$432

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