REI Lense

REI Lense

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$2,428 (target)

29285 Channel Dr, Selbyville, DE 19975

3 beds • 2 baths • 1616 sqft

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This property looks like a bad Long-Term investment with a projected -13.16% first-year return on $99,267 initial cash invested.

-13.16%

Cash On Cash

3.6%

Cap Rate

0.59

DSCR

$2,428

Rent

-$1,089

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,428 income − $3,517 expenses = $1,089 out of pocket

Income$2,428Out of Pocket$1,089Mortgage P&I$2,38698%Property Taxes$1305%Insurance$1667%HOA$2048%Management$24310%CapEx$1215%Vacancy$1466%Maintenance$1215%

Investment Breakdown

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Purchase Price

$473k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,267

Downpayment

20%

$94,540

Closing costs

1%

$4,727

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,428

Total Expenses

$3,517

Mortgage P&I

98%

$2,386

Property Taxes

5%

$130

Home Insurance

7%

$166

HOA

8%

$204

Property Management

10%

$243

CapEx

5%

$121

Vacancy

6%

$146

Maintenance

5%

$121

Other

0%

$0

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