REI Lense

REI Lense

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$2,851 (target)

8 Elmer Ct, Townsend, DE 19734

3 beds • 3 baths • 2650 sqft

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This property looks like a bad Long-Term investment with a projected -10.69% first-year return on $103k initial cash invested.

-10.69%

Cash On Cash

4.23%

Cap Rate

0.69

DSCR

$2,851

Rent

-$915

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,851 income − $3,766 expenses = $915 out of pocket

Income$2,851Out of Pocket$915Mortgage P&I$2,49688%Property Taxes$32611%Insurance$1716%HOA$311%Management$28510%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

|

Purchase Price

$489k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$97,800

Closing costs

1%

$4,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,851

Total Expenses

$3,766

Mortgage P&I

88%

$2,496

Property Taxes

11%

$326

Home Insurance

6%

$171

HOA

1%

$31

Property Management

10%

$285

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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