REI Lense

REI Lense

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$2,432 (target)

22 Carole Rd, Newark, DE 19713

3 beds • 2 baths • 1611 sqft

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This property looks like a bad Long-Term investment with a projected -5.43% first-year return on $73,395 initial cash invested.

-5.43%

Cash On Cash

5.41%

Cap Rate

0.88

DSCR

$2,432

Rent

-$332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,432 income − $2,764 expenses = $332 out of pocket

Income$2,432Out of Pocket$332Mortgage P&I$1,78773%Property Taxes$2229%Insurance$1225%Management$24310%CapEx$1225%Vacancy$1466%Maintenance$1225%

Investment Breakdown

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Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,395

Downpayment

20%

$69,900

Closing costs

1%

$3,495

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,432

Total Expenses

$2,764

Mortgage P&I

73%

$1,787

Property Taxes

9%

$222

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$243

CapEx

5%

$122

Vacancy

6%

$146

Maintenance

5%

$122

Other

0%

$0

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