REI Lense

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$2,919 (target)

651 Mayfield Falls Dr, Newark, DE 19702

3 beds • 2 baths • 2075 sqft

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This property looks like a bad Long-Term investment with a projected -13.94% first-year return on $112k initial cash invested.

-13.94%

Cash On Cash

3.35%

Cap Rate

0.56

DSCR

$2,919

Rent

-$1,300

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,919 income − $4,219 expenses = $1,300 out of pocket

Income$2,919Out of Pocket$1,300Mortgage P&I$2,64190%Property Taxes$49817%Insurance$1836%HOA$1385%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$533k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$107k

Closing costs

1%

$5,329

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,919

Total Expenses

$4,219

Mortgage P&I

90%

$2,641

Property Taxes

17%

$498

Home Insurance

6%

$183

HOA

5%

$138

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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