REI Lense

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$3,642 (target)

29285 Channel Dr, Selbyville, DE 19975

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Mid-Term investment with a projected -4.94% first-year return on $117k initial cash invested.

-4.94%

Cash On Cash

5.2%

Cap Rate

0.86

DSCR

$3,642

Rent

-$483

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,642 income − $4,125 expenses = $483 out of pocket

Income$3,642Out of Pocket$483Mortgage P&I$2,38666%Property Taxes$1304%Insurance$1665%HOA$2046%Management$43712%CapEx$1464%Vacancy$1093%Maintenance$1464%Other$40111%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$94,540

Closing costs

1%

$4,727

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,642

Total Expenses

$4,125

Mortgage P&I

66%

$2,386

Property Taxes

4%

$130

Home Insurance

5%

$166

HOA

6%

$204

Property Management

12%

$437

CapEx

4%

$146

Vacancy

3%

$109

Maintenance

4%

$146

Other

11%

$401

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