REI Lense

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$3,674 (target)

21 Castle Dr, Ocean Pines, MD 21811

3 beds • 2 baths • 2048 sqft

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This property looks like a bad Mid-Term investment with a projected -6.36% first-year return on $122k initial cash invested.

-6.36%

Cash On Cash

4.87%

Cap Rate

0.8

DSCR

$3,674

Rent

-$647

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,674 income − $4,321 expenses = $647 out of pocket

Income$3,674Out of Pocket$647Mortgage P&I$2,51368%Property Taxes$3048%Insurance$1795%HOA$762%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40411%

Investment Breakdown

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Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$99,120

Closing costs

1%

$4,956

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,674

Total Expenses

$4,321

Mortgage P&I

68%

$2,513

Property Taxes

8%

$304

Home Insurance

5%

$179

HOA

2%

$76

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$404

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