REI Lense

REI Lense

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$2,487 (target)

1313 Fairview Ave, Wilmington, DE 19809

3 beds • 3 baths • 1725 sqft

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This property looks like a bad Long-Term investment with a projected -10.89% first-year return on $87,024 initial cash invested.

-10.89%

Cash On Cash

4.43%

Cap Rate

0.7

DSCR

$2,487

Rent

-$790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,487 income − $3,277 expenses = $790 out of pocket

Income$2,487Out of Pocket$790Mortgage P&I$2,19688%Property Taxes$28611%Insurance$1496%Management$24910%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

|

Purchase Price

$414k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,024

Downpayment

20%

$82,880

Closing costs

1%

$4,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,487

Total Expenses

$3,277

Mortgage P&I

88%

$2,196

Property Taxes

12%

$286

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$249

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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