REI Lense

REI Lense

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$2,599 (target)

22285 Holly Oak Ln, Lewes, DE 19958

3 beds • 2 baths • 1515 sqft

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This property looks like a bad Long-Term investment with a projected -8.33% first-year return on $94,605 initial cash invested.

-8.33%

Cash On Cash

4.66%

Cap Rate

0.77

DSCR

$2,599

Rent

-$657

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,599 income − $3,256 expenses = $657 out of pocket

Income$2,599Out of Pocket$657Mortgage P&I$2,27888%Property Taxes$773%Insurance$2108%HOA$151%Management$26010%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

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Purchase Price

$451k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,605

Downpayment

20%

$90,100

Closing costs

1%

$4,505

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,599

Total Expenses

$3,256

Mortgage P&I

88%

$2,278

Property Taxes

3%

$77

Home Insurance

8%

$210

HOA

1%

$15

Property Management

10%

$260

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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