REI Lense

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$2,730 (target)

34360 E Lake Ln, Millville, DE 19967

3 beds • 2 baths • 1748 sqft

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This property looks like a bad Long-Term investment with a projected -18.02% first-year return on $115k initial cash invested.

-18.02%

Cash On Cash

3.23%

Cap Rate

0.48

DSCR

$2,730

Rent

-$1,723

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,730 income − $4,453 expenses = $1,723 out of pocket

Income$2,730Out of Pocket$1,723Mortgage P&I$3,056112%Property Taxes$1787%Insurance$1917%HOA$31912%Management$27310%CapEx$1365%Vacancy$1646%Maintenance$1365%

Investment Breakdown

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Purchase Price

$546k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$109k

Closing costs

1%

$5,464

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,730

Total Expenses

$4,453

Mortgage P&I

112%

$3,056

Property Taxes

7%

$178

Home Insurance

7%

$191

HOA

12%

$319

Property Management

10%

$273

CapEx

5%

$136

Vacancy

6%

$164

Maintenance

5%

$136

Other

0%

$0

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