REI Lense

REI Lense

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$2,002 (target)

38431 Parker Rd, Millsboro, DE 19966

3 beds • 2 baths • 1077 sqft

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This property looks like a bad Long-Term investment with a projected -7.43% first-year return on $71,085 initial cash invested.

-7.43%

Cash On Cash

4.92%

Cap Rate

0.8

DSCR

$2,002

Rent

-$440

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,002 income − $2,442 expenses = $440 out of pocket

Income$2,002Out of Pocket$440Mortgage P&I$1,72986%Property Taxes$533%Insurance$1407%Management$20010%CapEx$1005%Vacancy$1206%Maintenance$1005%

Investment Breakdown

|

Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,085

Downpayment

20%

$67,700

Closing costs

1%

$3,385

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,002

Total Expenses

$2,442

Mortgage P&I

86%

$1,729

Property Taxes

3%

$53

Home Insurance

7%

$140

HOA

0%

$0

Property Management

10%

$200

CapEx

5%

$100

Vacancy

6%

$120

Maintenance

5%

$100

Other

0%

$0

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