REI Lense

REI Lense

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$2,317 (target)

1203 Pinefield Rd, Newark, DE 19713

3 beds • 2 baths • 1525 sqft

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This property looks like a bad Long-Term investment with a projected -5.67% first-year return on $67,347 initial cash invested.

-5.67%

Cash On Cash

5.38%

Cap Rate

0.88

DSCR

$2,317

Rent

-$318

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,317 income − $2,635 expenses = $318 out of pocket

Income$2,317Out of Pocket$318Mortgage P&I$1,63971%Property Taxes$26712%Insurance$1265%Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$321k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,347

Downpayment

20%

$64,140

Closing costs

1%

$3,207

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,317

Total Expenses

$2,635

Mortgage P&I

71%

$1,639

Property Taxes

12%

$267

Home Insurance

5%

$126

HOA

0%

$0

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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