REI Lense

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$3,862 (target)

23590 Holly Cir, Lewes, DE 19958

3 beds • 2 baths • 1849 sqft

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This property might be a fair Mid-Term investment with a projected 1.81% first-year return on $106k initial cash invested.

1.81%

Cash On Cash

7.03%

Cap Rate

1.15

DSCR

$3,862

Rent

$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,862 income − $3,703 expenses = $159 cash flow

Income$3,862Mortgage P&I$2,12955%Property Taxes$702%Insurance$1504%HOA$421%Management$46312%CapEx$1544%Vacancy$1163%Maintenance$1544%Other$42511%Cash Flow$159

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,340

Closing costs

1%

$4,167

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,862

Total Expenses

$3,703

Mortgage P&I

55%

$2,129

Property Taxes

2%

$70

Home Insurance

4%

$150

HOA

1%

$42

Property Management

12%

$463

CapEx

4%

$154

Vacancy

3%

$116

Maintenance

4%

$154

Other

11%

$425

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