REI Lense

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$1,821 (target)

26048 E Old Gate Dr, Millsboro, DE 19966

3 beds • 2 baths • 1576 sqft

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This property looks like a bad Long-Term investment with a projected -16.68% first-year return on $88,198 initial cash invested.

-16.68%

Cash On Cash

3.02%

Cap Rate

0.48

DSCR

$1,821

Rent

-$1,226

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,821 income − $3,047 expenses = $1,226 out of pocket

Income$1,821Out of Pocket$1,226Mortgage P&I$2,193120%Property Taxes$181%Insurance$1478%HOA$21612%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

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Purchase Price

$420k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,198

Downpayment

20%

$83,998

Closing costs

1%

$4,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,821

Total Expenses

$3,047

Mortgage P&I

120%

$2,193

Property Taxes

1%

$18

Home Insurance

8%

$147

HOA

12%

$216

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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