REI Lense

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$3,476 (target)

1203 Pinefield Rd, Newark, DE 19713

3 beds • 2 baths • 1525 sqft

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This property might be a fair Mid-Term investment with a projected 3.7% first-year return on $85,347 initial cash invested.

3.7%

Cash On Cash

7.64%

Cap Rate

1.25

DSCR

$3,476

Rent

$263

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,476 income − $3,213 expenses = $263 cash flow

Income$3,476Mortgage P&I$1,63947%Property Taxes$2678%Insurance$1264%Management$41712%CapEx$1394%Vacancy$1043%Maintenance$1394%Other$38211%Cash Flow$263

Investment Breakdown

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Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,476

Total Expenses

$3,213

Mortgage P&I

47%

$1,639

Property Taxes

8%

$267

Home Insurance

4%

$126

HOA

0%

$0

Property Management

12%

$417

CapEx

4%

$139

Vacancy

3%

$104

Maintenance

4%

$139

Other

11%

$382

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