REI Lense

REI Lense

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$2,366 (target)

314 W 28th St, Wilmington, DE 19802

3 beds • 3 baths • 1350 sqft

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This property might be a fair Long-Term investment with a projected 2.58% first-year return on $52,164 initial cash invested.

2.58%

Cash On Cash

7.24%

Cap Rate

1.18

DSCR

$2,366

Rent

$112

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,366 income − $2,254 expenses = $112 cash flow

Income$2,366Mortgage P&I$1,26854%Property Taxes$25911%Insurance$1125%Management$23710%CapEx$1185%Vacancy$1426%Maintenance$1185%Cash Flow$112

Investment Breakdown

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Purchase Price

$248k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$52,164

Downpayment

20%

$49,680

Closing costs

1%

$2,484

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,366

Total Expenses

$2,254

Mortgage P&I

54%

$1,268

Property Taxes

11%

$259

Home Insurance

5%

$112

HOA

0%

$0

Property Management

10%

$237

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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