REI Lense

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$2,612 (target)

9 Cedarwood Dr, Lewes, DE 19958

3 beds • 2 baths • 900 sqft

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This property looks like a bad Long-Term investment with a projected -6.25% first-year return on $87,150 initial cash invested.

-6.25%

Cash On Cash

5.33%

Cap Rate

0.85

DSCR

$2,612

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,612 income − $3,066 expenses = $454 out of pocket

Income$2,612Out of Pocket$454Mortgage P&I$2,16783%Property Taxes$572%Insurance$1456%HOA$171%Management$26110%CapEx$1315%Vacancy$1576%Maintenance$1315%

Investment Breakdown

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Purchase Price

$415k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,150

Downpayment

20%

$83,000

Closing costs

1%

$4,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,612

Total Expenses

$3,066

Mortgage P&I

83%

$2,167

Property Taxes

2%

$57

Home Insurance

6%

$145

HOA

1%

$17

Property Management

10%

$261

CapEx

5%

$131

Vacancy

6%

$157

Maintenance

5%

$131

Other

0%

$0

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