REI Lense

REI Lense

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$2,536 (target)

1017 Erwin Dr, Joppa, MD 21085

3 beds • 2 baths • 1420 sqft

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This property looks like a bad Long-Term investment with a projected -6.01% first-year return on $71,652 initial cash invested.

-6.01%

Cash On Cash

5.76%

Cap Rate

0.88

DSCR

$2,536

Rent

-$359

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,536 income − $2,895 expenses = $359 out of pocket

Income$2,536Out of Pocket$359Mortgage P&I$1,86974%Property Taxes$24510%Insurance$1215%Management$25410%CapEx$1275%Vacancy$1526%Maintenance$1275%

Investment Breakdown

|

Purchase Price

$341k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,652

Downpayment

20%

$68,240

Closing costs

1%

$3,412

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,536

Total Expenses

$2,895

Mortgage P&I

74%

$1,869

Property Taxes

10%

$245

Home Insurance

5%

$121

HOA

0%

$0

Property Management

10%

$254

CapEx

5%

$127

Vacancy

6%

$152

Maintenance

5%

$127

Other

0%

$0

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