REI Lense

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$2,382 (target)

119 Teal Cir, Ocean Pines, MD 21811

3 beds • 2 baths • 1386 sqft

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This property looks like a bad Long-Term investment with a projected -16.52% first-year return on $117k initial cash invested.

-16.52%

Cash On Cash

2.66%

Cap Rate

0.45

DSCR

$2,382

Rent

-$1,616

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,382 income − $3,998 expenses = $1,616 out of pocket

Income$2,382Out of Pocket$1,616Mortgage P&I$2,738115%Property Taxes$27311%Insurance$23610%HOA$1326%Management$23810%CapEx$1195%Vacancy$1436%Maintenance$1195%

Investment Breakdown

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Purchase Price

$559k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,591

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,382

Total Expenses

$3,998

Mortgage P&I

115%

$2,738

Property Taxes

11%

$273

Home Insurance

10%

$236

HOA

6%

$132

Property Management

10%

$238

CapEx

5%

$119

Vacancy

6%

$143

Maintenance

5%

$119

Other

0%

$0

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