REI Lense

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$3,316 (target)

15 Gloucester Ct, Newark, DE 19702

3 beds • 3 baths • 1840 sqft

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This property might be a fair Mid-Term investment with a projected 4.03% first-year return on $81,966 initial cash invested.

4.03%

Cash On Cash

8%

Cap Rate

1.25

DSCR

$3,316

Rent

$275

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,316 income − $3,041 expenses = $275 cash flow

Income$3,316Mortgage P&I$1,62349%Property Taxes$1555%Insurance$1354%Management$39812%CapEx$1334%Vacancy$993%Maintenance$1334%Other$36511%Cash Flow$275

Investment Breakdown

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Purchase Price

$305k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,966

Downpayment

20%

$60,920

Closing costs

1%

$3,046

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,316

Total Expenses

$3,041

Mortgage P&I

49%

$1,623

Property Taxes

5%

$155

Home Insurance

4%

$135

HOA

0%

$0

Property Management

12%

$398

CapEx

4%

$133

Vacancy

3%

$99

Maintenance

4%

$133

Other

11%

$365

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