REI Lense

REI Lense

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$2,502 (target)

410 Delaware Ave, Millsboro, DE 19966

3 beds • 2 baths • 1950 sqft

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This property looks like a bad Long-Term investment with a projected -5.95% first-year return on $81,669 initial cash invested.

-5.95%

Cash On Cash

5.4%

Cap Rate

0.86

DSCR

$2,502

Rent

-$405

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,502 income − $2,907 expenses = $405 out of pocket

Income$2,502Out of Pocket$405Mortgage P&I$2,03181%Property Taxes$733%Insurance$1496%HOA$4Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$389k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,669

Downpayment

20%

$77,780

Closing costs

1%

$3,889

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,502

Total Expenses

$2,907

Mortgage P&I

81%

$2,031

Property Taxes

3%

$73

Home Insurance

6%

$149

HOA

0%

$4

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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