REI Lense

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$3,648 (target)

22 Carole Rd, Newark, DE 19713

3 beds • 2 baths • 1611 sqft

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This property might be a fair Mid-Term investment with a projected 3.64% first-year return on $91,395 initial cash invested.

3.64%

Cash On Cash

7.59%

Cap Rate

1.24

DSCR

$3,648

Rent

$277

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,648 income − $3,371 expenses = $277 cash flow

Income$3,648Mortgage P&I$1,78749%Property Taxes$2226%Insurance$1223%Management$43812%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%Cash Flow$277

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,648

Total Expenses

$3,371

Mortgage P&I

49%

$1,787

Property Taxes

6%

$222

Home Insurance

3%

$122

HOA

0%

$0

Property Management

12%

$438

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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