REI Lense

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$3,363 (target)

300 11th St, New Castle, DE 19720

3 beds • 3 baths • 1075 sqft

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This property might be a fair Mid-Term investment with a projected 6.76% first-year return on $80,979 initial cash invested.

6.76%

Cash On Cash

8.48%

Cap Rate

1.39

DSCR

$3,363

Rent

$456

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,363 income − $2,907 expenses = $456 cash flow

Income$3,363Mortgage P&I$1,52845%Property Taxes$1294%Insurance$1053%Management$40412%CapEx$1354%Vacancy$1013%Maintenance$1354%Other$37011%Cash Flow$456

Investment Breakdown

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Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,979

Downpayment

20%

$59,980

Closing costs

1%

$2,999

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,363

Total Expenses

$2,907

Mortgage P&I

45%

$1,528

Property Taxes

4%

$129

Home Insurance

3%

$105

HOA

0%

$0

Property Management

12%

$404

CapEx

4%

$135

Vacancy

3%

$101

Maintenance

4%

$135

Other

11%

$370

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