REI Lense

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$4,614 (target)

1871 Luce Creek Dr, Annapolis, MD 21401

3 beds • 2 baths • 2872 sqft

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This property looks like a bad Mid-Term investment with a projected -6.22% first-year return on $155k initial cash invested.

-6.22%

Cash On Cash

4.79%

Cap Rate

0.81

DSCR

$4,614

Rent

-$801

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,614 income − $5,415 expenses = $801 out of pocket

Income$4,614Out of Pocket$801Mortgage P&I$3,21170%Property Taxes$4069%Insurance$2285%Management$55412%CapEx$1854%Vacancy$1383%Maintenance$1854%Other$50811%

Investment Breakdown

|

Purchase Price

$650k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$155k

Downpayment

20%

$130k

Closing costs

1%

$6,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,614

Total Expenses

$5,415

Mortgage P&I

70%

$3,211

Property Taxes

9%

$406

Home Insurance

5%

$228

HOA

0%

$0

Property Management

12%

$554

CapEx

4%

$185

Vacancy

3%

$138

Maintenance

4%

$185

Other

11%

$508

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