REI Lense

REI Lense

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$2,377 (target)

112 Ermine Dr, New Castle, DE 19720

3 beds • 2 baths • 2080 sqft

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This property looks like a bad Long-Term investment with a projected -7.26% first-year return on $74,550 initial cash invested.

-7.26%

Cash On Cash

4.98%

Cap Rate

0.82

DSCR

$2,377

Rent

-$451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,377 income − $2,828 expenses = $451 out of pocket

Income$2,377Out of Pocket$451Mortgage P&I$1,80676%Property Taxes$24610%Insurance$1476%HOA$10Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,377

Total Expenses

$2,828

Mortgage P&I

76%

$1,806

Property Taxes

10%

$246

Home Insurance

6%

$147

HOA

0%

$10

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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