REI Lense

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$2,211 (target)

15 Gloucester Ct, Newark, DE 19702

3 beds • 3 baths • 1840 sqft

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This property looks like a bad Long-Term investment with a projected -5.22% first-year return on $63,966 initial cash invested.

-5.22%

Cash On Cash

5.74%

Cap Rate

0.9

DSCR

$2,211

Rent

-$278

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,211 income − $2,489 expenses = $278 out of pocket

Income$2,211Out of Pocket$278Mortgage P&I$1,62373%Property Taxes$1557%Insurance$1356%Management$22110%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,966

Downpayment

20%

$60,920

Closing costs

1%

$3,046

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,211

Total Expenses

$2,489

Mortgage P&I

73%

$1,623

Property Taxes

7%

$155

Home Insurance

6%

$135

HOA

0%

$0

Property Management

10%

$221

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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