REI Lense

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$2,635 (target)

16023 McArthur Ln, Millsboro, DE 19966

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -5.9% first-year return on $83,181 initial cash invested.

-5.9%

Cash On Cash

5.5%

Cap Rate

0.87

DSCR

$2,635

Rent

-$409

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,635 income − $3,044 expenses = $409 out of pocket

Income$2,635Out of Pocket$409Mortgage P&I$2,09379%Property Taxes$592%Insurance$1365%HOA$703%Management$26410%CapEx$1325%Vacancy$1586%Maintenance$1325%

Investment Breakdown

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Purchase Price

$396k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,181

Downpayment

20%

$79,220

Closing costs

1%

$3,961

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,635

Total Expenses

$3,044

Mortgage P&I

79%

$2,093

Property Taxes

2%

$59

Home Insurance

5%

$136

HOA

3%

$70

Property Management

10%

$264

CapEx

5%

$132

Vacancy

6%

$158

Maintenance

5%

$132

Other

0%

$0

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