REI Lense

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$3,742 (target)

29 E Cherokee Dr, Newark, DE 19713

3 beds • 2 baths • 1500 sqft

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This property might be a fair Mid-Term investment with a projected 2.14% first-year return on $93,705 initial cash invested.

2.14%

Cash On Cash

7.4%

Cap Rate

1.17

DSCR

$3,742

Rent

$167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,742 income − $3,575 expenses = $167 cash flow

Income$3,742Mortgage P&I$1,90751%Property Taxes$2577%Insurance$1384%Management$44912%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%Cash Flow$167

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,705

Downpayment

20%

$72,100

Closing costs

1%

$3,605

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,742

Total Expenses

$3,575

Mortgage P&I

51%

$1,907

Property Taxes

7%

$257

Home Insurance

4%

$138

HOA

0%

$0

Property Management

12%

$449

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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