REI Lense

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$2,986 (target)

13488 Boggs Ln, Lewes, DE 19958

3 beds • 3 baths • 2329 sqft

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This property looks like a bad Long-Term investment with a projected -18.35% first-year return on $188k initial cash invested.

-18.35%

Cash On Cash

2.26%

Cap Rate

0.38

DSCR

$2,986

Rent

-$2,868

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,986 income − $5,854 expenses = $2,868 out of pocket

Income$2,986Out of Pocket$2,868Mortgage P&I$4,398147%Property Taxes$1485%Insurance$32611%HOA$2067%Management$29910%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$893k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$188k

Downpayment

20%

$179k

Closing costs

1%

$8,929

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,986

Total Expenses

$5,854

Mortgage P&I

147%

$4,398

Property Taxes

5%

$148

Home Insurance

11%

$326

HOA

7%

$206

Property Management

10%

$299

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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