REI Lense

REI Lense

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$2,253 (target)

32684 Seaview Loop, Millsboro, DE 19966

3 beds • 2 baths • 1416 sqft

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This property looks like a bad Long-Term investment with a projected -9.86% first-year return on $81,522 initial cash invested.

-9.86%

Cash On Cash

4.46%

Cap Rate

0.72

DSCR

$2,253

Rent

-$670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,253 income − $2,923 expenses = $670 out of pocket

Income$2,253Out of Pocket$670Mortgage P&I$2,00089%Property Taxes$633%Insurance$1406%HOA$1346%Management$22510%CapEx$1135%Vacancy$1356%Maintenance$1135%

Investment Breakdown

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Purchase Price

$388k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,522

Downpayment

20%

$77,640

Closing costs

1%

$3,882

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,253

Total Expenses

$2,923

Mortgage P&I

89%

$2,000

Property Taxes

3%

$63

Home Insurance

6%

$140

HOA

6%

$134

Property Management

10%

$225

CapEx

5%

$113

Vacancy

6%

$135

Maintenance

5%

$113

Other

0%

$0

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