REI Lense

REI Lense

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$2,456 (target)

2117 Louisa Ave, Wilmington, DE 19808

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -9.2% first-year return on $83,979 initial cash invested.

-9.2%

Cash On Cash

4.62%

Cap Rate

0.75

DSCR

$2,456

Rent

-$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,456 income − $3,100 expenses = $644 out of pocket

Income$2,456Out of Pocket$644Mortgage P&I$2,06084%Property Taxes$26111%Insurance$1406%Management$24610%CapEx$1235%Vacancy$1476%Maintenance$1235%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,979

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,456

Total Expenses

$3,100

Mortgage P&I

84%

$2,060

Property Taxes

11%

$261

Home Insurance

6%

$140

HOA

0%

$0

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$147

Maintenance

5%

$123

Other

0%

$0

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