REI Lense

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$2,814 (target)

2503 Ferris Rd, Wilmington, DE 19805

3 beds • 3 baths • 3208 sqft

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This property might be a fair Long-Term investment with a projected 2.02% first-year return on $73,122 initial cash invested.

2.02%

Cash On Cash

6.85%

Cap Rate

1.15

DSCR

$2,814

Rent

$123

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,814 income − $2,691 expenses = $123 cash flow

Income$2,814Mortgage P&I$1,72561%Property Taxes$973%Insurance$1375%Management$28110%CapEx$1415%Vacancy$1696%Maintenance$1415%Cash Flow$123

Investment Breakdown

|

Purchase Price

$348k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,122

Downpayment

20%

$69,640

Closing costs

1%

$3,482

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,814

Total Expenses

$2,691

Mortgage P&I

61%

$1,725

Property Taxes

3%

$97

Home Insurance

5%

$137

HOA

0%

$0

Property Management

10%

$281

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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