REI Lense

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$2,482 (target)

33887 Magnolia Plantations Dr, Lewes, DE 19958

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Long-Term investment with a projected -14.87% first-year return on $105k initial cash invested.

-14.87%

Cash On Cash

3.91%

Cap Rate

0.58

DSCR

$2,482

Rent

-$1,301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,482 income − $3,783 expenses = $1,301 out of pocket

Income$2,482Out of Pocket$1,301Mortgage P&I$2,807113%Property Taxes$793%Insurance$1757%HOA$773%Management$24810%CapEx$1245%Vacancy$1496%Maintenance$1245%

Investment Breakdown

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Purchase Price

$500k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$99,980

Closing costs

1%

$4,999

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,482

Total Expenses

$3,783

Mortgage P&I

113%

$2,807

Property Taxes

3%

$79

Home Insurance

7%

$175

HOA

3%

$77

Property Management

10%

$248

CapEx

5%

$124

Vacancy

6%

$149

Maintenance

5%

$124

Other

0%

$0

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