REI Lense

REI Lense

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$2,157 (target)

13 Central Ave, New Castle, DE 19720

3 beds • 2 baths • 3040 sqft

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This property looks like a bad Long-Term investment with a projected -8.93% first-year return on $71,505 initial cash invested.

-8.93%

Cash On Cash

4.69%

Cap Rate

0.76

DSCR

$2,157

Rent

-$532

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,157 income − $2,689 expenses = $532 out of pocket

Income$2,157Out of Pocket$532Mortgage P&I$1,75481%Property Taxes$20810%Insurance$1668%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,505

Downpayment

20%

$68,100

Closing costs

1%

$3,405

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,157

Total Expenses

$2,689

Mortgage P&I

81%

$1,754

Property Taxes

10%

$208

Home Insurance

8%

$166

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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