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$3,411 (target)

767 Hickman Dr, Ocean View, DE 19970

3 beds • 2 baths • 1822 sqft

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This property looks like a bad Mid-Term investment with a projected -3.79% first-year return on $114k initial cash invested.

-3.79%

Cash On Cash

5.54%

Cap Rate

0.9

DSCR

$3,411

Rent

-$361

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,411 income − $3,772 expenses = $361 out of pocket

Income$3,411Out of Pocket$361Mortgage P&I$2,34069%Property Taxes$722%Insurance$1605%HOA$421%Management$40912%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37511%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$91,600

Closing costs

1%

$4,580

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,411

Total Expenses

$3,772

Mortgage P&I

69%

$2,340

Property Taxes

2%

$72

Home Insurance

5%

$160

HOA

1%

$42

Property Management

12%

$409

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$375

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