REI Lense

REI Lense

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$2,319 (target)

15 Cassandra Rd, Newark, DE 19702

3 beds • 2 baths • 1625 sqft

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This property looks like a bad Long-Term investment with a projected -9.4% first-year return on $78,477 initial cash invested.

-9.4%

Cash On Cash

4.5%

Cap Rate

0.74

DSCR

$2,319

Rent

-$615

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,319 income − $2,934 expenses = $615 out of pocket

Income$2,319Out of Pocket$615Mortgage P&I$1,90082%Property Taxes$29013%Insurance$1406%HOA$1Management$23210%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

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Purchase Price

$374k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,477

Downpayment

20%

$74,740

Closing costs

1%

$3,737

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,319

Total Expenses

$2,934

Mortgage P&I

82%

$1,900

Property Taxes

13%

$290

Home Insurance

6%

$140

HOA

0%

$1

Property Management

10%

$232

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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