REI Lense

REI Lense

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$2,332 (target)

136 Somers Ave, New Castle, DE 19720

3 beds • 2 baths • 1275 sqft

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This property looks like a bad Long-Term investment with a projected -9.07% first-year return on $83,790 initial cash invested.

-9.07%

Cash On Cash

4.56%

Cap Rate

0.75

DSCR

$2,332

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,332 income − $2,965 expenses = $633 out of pocket

Income$2,332Out of Pocket$633Mortgage P&I$2,03387%Property Taxes$1858%Insurance$1406%Management$23310%CapEx$1175%Vacancy$1406%Maintenance$1175%

Investment Breakdown

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Purchase Price

$399k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,790

Downpayment

20%

$79,800

Closing costs

1%

$3,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,332

Total Expenses

$2,965

Mortgage P&I

87%

$2,033

Property Taxes

8%

$185

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$233

CapEx

5%

$117

Vacancy

6%

$140

Maintenance

5%

$117

Other

0%

$0

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