REI Lense

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$3,218 (target)

31834 Mill Run Dr, Ocean View, DE 19970

3 beds • 2 baths • 1288 sqft

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This property looks like a bad Mid-Term investment with a projected -0.9% first-year return on $99,942 initial cash invested.

-0.9%

Cash On Cash

6.26%

Cap Rate

1.03

DSCR

$3,218

Rent

-$75

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,218 income − $3,293 expenses = $75 out of pocket

Income$3,218Out of Pocket$75Mortgage P&I$1,98262%Property Taxes$592%Insurance$1404%HOA$171%Management$38612%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35411%

Investment Breakdown

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Purchase Price

$390k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,942

Downpayment

20%

$78,040

Closing costs

1%

$3,902

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,218

Total Expenses

$3,293

Mortgage P&I

62%

$1,982

Property Taxes

2%

$59

Home Insurance

4%

$140

HOA

1%

$17

Property Management

12%

$386

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$354

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