REI Lense

REI Lense

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$2,453 (target)

1115 Milltown Rd, Wilmington, DE 19808

3 beds • 2 baths • 1875 sqft

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This property looks like a bad Long-Term investment with a projected -8.83% first-year return on $88,200 initial cash invested.

-8.83%

Cash On Cash

4.65%

Cap Rate

0.76

DSCR

$2,453

Rent

-$649

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,453 income − $3,102 expenses = $649 out of pocket

Income$2,453Out of Pocket$649Mortgage P&I$2,15588%Property Taxes$1617%Insurance$1476%HOA$1Management$24510%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,200

Downpayment

20%

$84,000

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,453

Total Expenses

$3,102

Mortgage P&I

88%

$2,155

Property Taxes

7%

$161

Home Insurance

6%

$147

HOA

0%

$1

Property Management

10%

$245

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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