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$3,838 (target)

2 Heron Isle Ct, Ocean Pines, MD 21811

3 beds • 2 baths • 1571 sqft

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This property might be a fair Mid-Term investment with a projected 1.16% first-year return on $103k initial cash invested.

1.16%

Cash On Cash

6.75%

Cap Rate

1.13

DSCR

$3,838

Rent

$99

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,838 income − $3,739 expenses = $99 cash flow

Income$3,838Mortgage P&I$2,01953%Property Taxes$2196%Insurance$1143%HOA$812%Management$46112%CapEx$1544%Vacancy$1153%Maintenance$1544%Other$42211%Cash Flow$99

Investment Breakdown

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Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,740

Closing costs

1%

$4,037

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,838

Total Expenses

$3,739

Mortgage P&I

53%

$2,019

Property Taxes

6%

$219

Home Insurance

3%

$114

HOA

2%

$81

Property Management

12%

$461

CapEx

4%

$154

Vacancy

3%

$115

Maintenance

4%

$154

Other

11%

$422

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