REI Lense

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$1,986 (target)

104 Montague Ln, Elkton, MD 21921

3 beds • 2 baths • 1244 sqft

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This property looks like a bad Long-Term investment with a projected -9.38% first-year return on $66,024 initial cash invested.

-9.38%

Cash On Cash

4.49%

Cap Rate

0.74

DSCR

$1,986

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,986 income − $2,502 expenses = $516 out of pocket

Income$1,986Out of Pocket$516Mortgage P&I$1,59480%Property Taxes$28714%Insurance$1055%Management$19910%CapEx$995%Vacancy$1196%Maintenance$995%

Investment Breakdown

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Purchase Price

$314k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,024

Downpayment

20%

$62,880

Closing costs

1%

$3,144

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,986

Total Expenses

$2,502

Mortgage P&I

80%

$1,594

Property Taxes

14%

$287

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$99

Vacancy

6%

$119

Maintenance

5%

$99

Other

0%

$0

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