REI Lense

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$3,712 (target)

32744 Spring Water Dr, Millsboro, DE 19966

3 beds • 3 baths • 2884 sqft

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This property looks like a bad Mid-Term investment with a projected -3.47% first-year return on $119k initial cash invested.

-3.47%

Cash On Cash

5.58%

Cap Rate

0.92

DSCR

$3,712

Rent

-$343

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,712 income − $4,055 expenses = $343 out of pocket

Income$3,712Out of Pocket$343Mortgage P&I$2,42465%Property Taxes$692%Insurance$1685%HOA$1344%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,712

Total Expenses

$4,055

Mortgage P&I

65%

$2,424

Property Taxes

2%

$69

Home Insurance

5%

$168

HOA

4%

$134

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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