REI Lense

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$2,475 (target)

32744 Spring Water Dr, Millsboro, DE 19966

3 beds • 3 baths • 2884 sqft

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This property looks like a bad Long-Term investment with a projected -11.5% first-year return on $101k initial cash invested.

-11.5%

Cash On Cash

3.97%

Cap Rate

0.65

DSCR

$2,475

Rent

-$964

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,475 income − $3,439 expenses = $964 out of pocket

Income$2,475Out of Pocket$964Mortgage P&I$2,42498%Property Taxes$693%Insurance$1687%HOA$1345%Management$24810%CapEx$1245%Vacancy$1486%Maintenance$1245%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,475

Total Expenses

$3,439

Mortgage P&I

98%

$2,424

Property Taxes

3%

$69

Home Insurance

7%

$168

HOA

5%

$134

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$148

Maintenance

5%

$124

Other

0%

$0

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