REI Lense

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$2,247 (target)

1302 Barksdale Rd, Newark, DE 19711

3 beds • 2 baths • 1200 sqft

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This property looks like a bad Long-Term investment with a projected -9.67% first-year return on $72,009 initial cash invested.

-9.67%

Cash On Cash

4.51%

Cap Rate

0.73

DSCR

$2,247

Rent

-$580

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,247 income − $2,827 expenses = $580 out of pocket

Income$2,247Out of Pocket$580Mortgage P&I$1,75678%Property Taxes$35616%Insurance$1316%Management$22510%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

|

Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,009

Downpayment

20%

$68,580

Closing costs

1%

$3,429

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,247

Total Expenses

$2,827

Mortgage P&I

78%

$1,756

Property Taxes

16%

$356

Home Insurance

6%

$131

HOA

0%

$0

Property Management

10%

$225

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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