REI Lense

REI Lense

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$2,987 (target)

31785 Skimmer Rd, Ocean View, DE 19970

3 beds • 4 baths • 2400 sqft

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This property looks like a bad Long-Term investment with a projected -18.45% first-year return on $166k initial cash invested.

-18.45%

Cash On Cash

2.36%

Cap Rate

0.39

DSCR

$2,987

Rent

-$2,547

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,987 income − $5,534 expenses = $2,547 out of pocket

Income$2,987Out of Pocket$2,547Mortgage P&I$3,948132%Property Taxes$1174%Insurance$2809%HOA$41314%Management$29910%CapEx$1495%Vacancy$1796%Maintenance$1495%

Investment Breakdown

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Purchase Price

$789k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$166k

Downpayment

20%

$158k

Closing costs

1%

$7,889

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,987

Total Expenses

$5,534

Mortgage P&I

132%

$3,948

Property Taxes

4%

$117

Home Insurance

9%

$280

HOA

14%

$413

Property Management

10%

$299

CapEx

5%

$149

Vacancy

6%

$179

Maintenance

5%

$149

Other

0%

$0

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