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$4,480 (target)

31785 Skimmer Rd, Ocean View, DE 19970

3 beds • 4 baths • 2400 sqft

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This property looks like a bad Mid-Term investment with a projected -11.77% first-year return on $184k initial cash invested.

-11.77%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$4,480

Rent

-$1,801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,480 income − $6,281 expenses = $1,801 out of pocket

Income$4,480Out of Pocket$1,801Mortgage P&I$3,94888%Property Taxes$1173%Insurance$2806%HOA$4139%Management$53812%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49311%

Investment Breakdown

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Purchase Price

$789k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$158k

Closing costs

1%

$7,889

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,480

Total Expenses

$6,281

Mortgage P&I

88%

$3,948

Property Taxes

3%

$117

Home Insurance

6%

$280

HOA

9%

$413

Property Management

12%

$538

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$493

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