REI Lense

REI Lense

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$2,447 (target)

337 Nicholas Ct, Wilmington, DE 19808

3 beds • 3 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -12.14% first-year return on $94,290 initial cash invested.

-12.14%

Cash On Cash

3.9%

Cap Rate

0.64

DSCR

$2,447

Rent

-$954

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,447 income − $3,401 expenses = $954 out of pocket

Income$2,447Out of Pocket$954Mortgage P&I$2,29194%Property Taxes$31713%Insurance$1576%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

|

Purchase Price

$449k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,290

Downpayment

20%

$89,800

Closing costs

1%

$4,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,447

Total Expenses

$3,401

Mortgage P&I

94%

$2,291

Property Taxes

13%

$317

Home Insurance

6%

$157

HOA

0%

$0

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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