REI Lense

REI Lense

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$2,557 (target)

2 Margate Ct, Lewes, DE 19958

3 beds • 2 baths • 1585 sqft

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This property looks like a bad Long-Term investment with a projected -9.26% first-year return on $101k initial cash invested.

-9.26%

Cash On Cash

4.32%

Cap Rate

0.73

DSCR

$2,557

Rent

-$779

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,557 income − $3,336 expenses = $779 out of pocket

Income$2,557Out of Pocket$779Mortgage P&I$2,38393%Property Taxes$713%Insurance$1757%HOA$422%Management$25610%CapEx$1285%Vacancy$1536%Maintenance$1285%

Investment Breakdown

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Purchase Price

$481k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$96,180

Closing costs

1%

$4,809

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,557

Total Expenses

$3,336

Mortgage P&I

93%

$2,383

Property Taxes

3%

$71

Home Insurance

7%

$175

HOA

2%

$42

Property Management

10%

$256

CapEx

5%

$128

Vacancy

6%

$153

Maintenance

5%

$128

Other

0%

$0

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