REI Lense

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$2,689 (target)

23451 Oyster Rd, Millville, DE 19967

3 beds • 2 baths • 1900 sqft

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This property looks like a bad Long-Term investment with a projected -15.99% first-year return on $111k initial cash invested.

-15.99%

Cash On Cash

3.66%

Cap Rate

0.54

DSCR

$2,689

Rent

-$1,484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,689 income − $4,173 expenses = $1,484 out of pocket

Income$2,689Out of Pocket$1,484Mortgage P&I$2,966110%Property Taxes$181%Insurance$1897%HOA$30211%Management$26910%CapEx$1345%Vacancy$1616%Maintenance$1345%

Investment Breakdown

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Purchase Price

$530k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,304

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,689

Total Expenses

$4,173

Mortgage P&I

110%

$2,966

Property Taxes

1%

$18

Home Insurance

7%

$189

HOA

11%

$302

Property Management

10%

$269

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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