REI Lense

REI Lense

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$2,963 (target)

35510 Higgins Dr, Lewes, DE 19958

3 beds • 3 baths • 2158 sqft

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This property looks like a bad Long-Term investment with a projected -19.15% first-year return on $179k initial cash invested.

-19.15%

Cash On Cash

2.33%

Cap Rate

0.38

DSCR

$2,963

Rent

-$2,863

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$854k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$179k

Downpayment

20%

$171k

Closing costs

1%

$8,543

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,963

Total Expenses

$5,826

Mortgage P&I

148%

$4,372

Property Taxes

5%

$152

Home Insurance

11%

$326

HOA

7%

$206

Property Management

10%

$296

CapEx

5%

$148

Vacancy

6%

$178

Maintenance

5%

$148

Other

0%

$0

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