REI Lense

REI Lense

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$3,028 (target)

46 W 3rd St, New Castle, DE 19720

3 beds • 3 baths • 2100 sqft

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This property looks like a bad Long-Term investment with a projected -5.67% first-year return on $99,036 initial cash invested.

-5.67%

Cash On Cash

5.42%

Cap Rate

0.87

DSCR

$3,028

Rent

-$468

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,028 income − $3,496 expenses = $468 out of pocket

Income$3,028Out of Pocket$468Mortgage P&I$2,44781%Property Taxes$451%Insurance$2177%Management$30310%CapEx$1515%Vacancy$1826%Maintenance$1515%

Investment Breakdown

|

Purchase Price

$472k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,036

Downpayment

20%

$94,320

Closing costs

1%

$4,716

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,028

Total Expenses

$3,496

Mortgage P&I

81%

$2,447

Property Taxes

1%

$45

Home Insurance

7%

$217

HOA

0%

$0

Property Management

10%

$303

CapEx

5%

$151

Vacancy

6%

$182

Maintenance

5%

$151

Other

0%

$0

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