REI Lense

REI Lense

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$2,274 (target)

767 Hickman Dr, Ocean View, DE 19970

3 beds • 2 baths • 1822 sqft

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This property looks like a bad Long-Term investment with a projected -11.62% first-year return on $96,180 initial cash invested.

-11.62%

Cash On Cash

3.99%

Cap Rate

0.65

DSCR

$2,274

Rent

-$931

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,274 income − $3,205 expenses = $931 out of pocket

Income$2,274Out of Pocket$931Mortgage P&I$2,340103%Property Taxes$723%Insurance$1607%HOA$422%Management$22710%CapEx$1145%Vacancy$1366%Maintenance$1145%

Investment Breakdown

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Purchase Price

$458k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,180

Downpayment

20%

$91,600

Closing costs

1%

$4,580

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,274

Total Expenses

$3,205

Mortgage P&I

103%

$2,340

Property Taxes

3%

$72

Home Insurance

7%

$160

HOA

2%

$42

Property Management

10%

$227

CapEx

5%

$114

Vacancy

6%

$136

Maintenance

5%

$114

Other

0%

$0

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