REI Lense

REI Lense

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$3,753 (target)

2 Merion Rd, Newark, DE 19713

3 beds • 2 baths • 1475 sqft

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This property might be a fair Mid-Term investment with a projected 2.63% first-year return on $94,797 initial cash invested.

2.63%

Cash On Cash

7.25%

Cap Rate

1.19

DSCR

$3,753

Rent

$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$366k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,797

Downpayment

20%

$73,140

Closing costs

1%

$3,657

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,753

Total Expenses

$3,545

Mortgage P&I

49%

$1,851

Property Taxes

8%

$292

Home Insurance

3%

$126

HOA

0%

$0

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$113

Maintenance

4%

$150

Other

11%

$413

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