REI Lense

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$3,836 (target)

2 Margate Ct, Lewes, DE 19958

3 beds • 2 baths • 1585 sqft

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This property looks like a bad Mid-Term investment with a projected -1.39% first-year return on $119k initial cash invested.

-1.39%

Cash On Cash

5.98%

Cap Rate

1.01

DSCR

$3,836

Rent

-$138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,836 income − $3,974 expenses = $138 out of pocket

Income$3,836Out of Pocket$138Mortgage P&I$2,38362%Property Taxes$712%Insurance$1755%HOA$421%Management$46012%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42211%

Investment Breakdown

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Purchase Price

$481k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,180

Closing costs

1%

$4,809

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,836

Total Expenses

$3,974

Mortgage P&I

62%

$2,383

Property Taxes

2%

$71

Home Insurance

5%

$175

HOA

1%

$42

Property Management

12%

$460

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$422

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