REI Lense

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$2,310 (target)

1806 Old Coochs Bridge Rd, Newark, DE 19702

3 beds • 2 baths • 1981 sqft

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This property looks like a bad Long-Term investment with a projected -10.55% first-year return on $76,860 initial cash invested.

-10.55%

Cash On Cash

4.56%

Cap Rate

0.71

DSCR

$2,310

Rent

-$676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,310 income − $2,986 expenses = $676 out of pocket

Income$2,310Out of Pocket$676Mortgage P&I$1,95084%Property Taxes$28712%Insurance$1476%Management$23110%CapEx$1165%Vacancy$1396%Maintenance$1165%

Investment Breakdown

|

Purchase Price

$366k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,860

Downpayment

20%

$73,200

Closing costs

1%

$3,660

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,310

Total Expenses

$2,986

Mortgage P&I

84%

$1,950

Property Taxes

12%

$287

Home Insurance

6%

$147

HOA

0%

$0

Property Management

10%

$231

CapEx

5%

$116

Vacancy

6%

$139

Maintenance

5%

$116

Other

0%

$0

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