REI Lense

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$3,320 (target)

13 Columbia Ave, Ocean View, DE 19970

3 beds • 3 baths • 1500 sqft

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This property looks like a bad Mid-Term investment with a projected -5.12% first-year return on $114k initial cash invested.

-5.12%

Cash On Cash

5.2%

Cap Rate

0.85

DSCR

$3,320

Rent

-$487

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,320 income − $3,807 expenses = $487 out of pocket

Income$3,320Out of Pocket$487Mortgage P&I$2,33770%Property Taxes$1454%Insurance$1715%HOA$251%Management$39812%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36511%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,560

Closing costs

1%

$4,578

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,320

Total Expenses

$3,807

Mortgage P&I

70%

$2,337

Property Taxes

4%

$145

Home Insurance

5%

$171

HOA

1%

$25

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$365

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