REI Lense

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$3,506 (target)

104 Marta Dr, Newark, DE 19711

3 beds • 2 baths • 2375 sqft

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This property looks like a bad Mid-Term investment with a projected -1.84% first-year return on $102k initial cash invested.

-1.84%

Cash On Cash

6.08%

Cap Rate

0.99

DSCR

$3,506

Rent

-$156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,506 income − $3,662 expenses = $156 out of pocket

Income$3,506Out of Pocket$156Mortgage P&I$2,04258%Property Taxes$2888%Insurance$1404%Management$42112%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38611%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,506

Total Expenses

$3,662

Mortgage P&I

58%

$2,042

Property Taxes

8%

$288

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$421

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$386

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