REI Lense

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$2,186 (target)

1592 Letitia Ln, Wilmington, DE 19809

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Long-Term investment with a projected -7.46% first-year return on $69,615 initial cash invested.

-7.46%

Cash On Cash

4.98%

Cap Rate

0.81

DSCR

$2,186

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,186 income − $2,619 expenses = $433 out of pocket

Income$2,186Out of Pocket$433Mortgage P&I$1,70178%Property Taxes$25011%Insurance$1005%Management$21910%CapEx$1095%Vacancy$1316%Maintenance$1095%

Investment Breakdown

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Purchase Price

$332k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,615

Downpayment

20%

$66,300

Closing costs

1%

$3,315

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,186

Total Expenses

$2,619

Mortgage P&I

78%

$1,701

Property Taxes

11%

$250

Home Insurance

5%

$100

HOA

0%

$0

Property Management

10%

$219

CapEx

5%

$109

Vacancy

6%

$131

Maintenance

5%

$109

Other

0%

$0

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