REI Lense

REI Lense

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$2,272 (target)

36 Garvey Ln, Newark, DE 19702

3 beds • 2 baths • 1960 sqft

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This property looks like a bad Long-Term investment with a projected -8.85% first-year return on $69,930 initial cash invested.

-8.85%

Cash On Cash

4.94%

Cap Rate

0.77

DSCR

$2,272

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,272 income − $2,788 expenses = $516 out of pocket

Income$2,272Out of Pocket$516Mortgage P&I$1,77478%Property Taxes$29513%Insurance$1286%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

|

Purchase Price

$333k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$69,930

Downpayment

20%

$66,600

Closing costs

1%

$3,330

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,272

Total Expenses

$2,788

Mortgage P&I

78%

$1,774

Property Taxes

13%

$295

Home Insurance

6%

$128

HOA

0%

$0

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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