REI Lense

REI Lense

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$3,230 (target)

768 Salem Church Rd, Newark, DE 19702

3 beds • 2 baths • 1225 sqft

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This property looks like a bad Mid-Term investment with a projected -5.53% first-year return on $109k initial cash invested.

-5.53%

Cash On Cash

5.11%

Cap Rate

0.83

DSCR

$3,230

Rent

-$502

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$433k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,620

Closing costs

1%

$4,331

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,230

Total Expenses

$3,732

Mortgage P&I

69%

$2,216

Property Taxes

8%

$268

Home Insurance

5%

$150

HOA

0%

$0

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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