REI Lense

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$3,332 (target)

5 Creek Dr, Millsboro, DE 19966

3 beds • 2 baths • 2148 sqft

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This property looks like a bad Mid-Term investment with a projected -16.69% first-year return on $225k initial cash invested.

-16.69%

Cash On Cash

2.26%

Cap Rate

0.38

DSCR

$3,332

Rent

-$3,127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,332 income − $6,459 expenses = $3,127 out of pocket

Income$3,332Out of Pocket$3,127Mortgage P&I$4,852146%Property Taxes$913%Insurance$34510%HOA$381%Management$40012%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36711%

Investment Breakdown

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Purchase Price

$985k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$225k

Downpayment

20%

$197k

Closing costs

1%

$9,850

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,332

Total Expenses

$6,459

Mortgage P&I

146%

$4,852

Property Taxes

3%

$91

Home Insurance

10%

$345

HOA

1%

$38

Property Management

12%

$400

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$367

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