REI Lense

REI Lense

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$2,364 (target)

10 Gloucester Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Long-Term investment with a projected -7.32% first-year return on $76,419 initial cash invested.

-7.32%

Cash On Cash

4.8%

Cap Rate

0.81

DSCR

$2,364

Rent

-$466

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,364 income − $2,830 expenses = $466 out of pocket

Income$2,364Out of Pocket$466Mortgage P&I$1,80576%Property Taxes$1978%Insurance$1316%HOA$834%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,419

Downpayment

20%

$72,780

Closing costs

1%

$3,639

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,364

Total Expenses

$2,830

Mortgage P&I

76%

$1,805

Property Taxes

8%

$197

Home Insurance

6%

$131

HOA

4%

$83

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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