REI Lense

REI Lense

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$2,526 (target)

1511 Spring Ln, Wilmington, DE 19809

3 beds • 3 baths • 2125 sqft

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This property looks like a bad Long-Term investment with a projected -14.26% first-year return on $107k initial cash invested.

-14.26%

Cash On Cash

3.31%

Cap Rate

0.55

DSCR

$2,526

Rent

-$1,276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $3,802 expenses = $1,276 out of pocket

Income$2,526Out of Pocket$1,276Mortgage P&I$2,559101%Property Taxes$37615%Insurance$2108%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

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Purchase Price

$511k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$102k

Closing costs

1%

$5,114

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,526

Total Expenses

$3,802

Mortgage P&I

101%

$2,559

Property Taxes

15%

$376

Home Insurance

8%

$210

HOA

0%

$0

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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