REI Lense

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$2,449 (target)

21 Castle Dr, Ocean Pines, MD 21811

3 beds • 2 baths • 2048 sqft

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This property looks like a bad Long-Term investment with a projected -14.52% first-year return on $104k initial cash invested.

-14.52%

Cash On Cash

3.33%

Cap Rate

0.55

DSCR

$2,449

Rent

-$1,259

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,449 income − $3,708 expenses = $1,259 out of pocket

Income$2,449Out of Pocket$1,259Mortgage P&I$2,513103%Property Taxes$30412%Insurance$1797%HOA$763%Management$24510%CapEx$1225%Vacancy$1476%Maintenance$1225%

Investment Breakdown

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Purchase Price

$496k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$99,120

Closing costs

1%

$4,956

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,449

Total Expenses

$3,708

Mortgage P&I

103%

$2,513

Property Taxes

12%

$304

Home Insurance

7%

$179

HOA

3%

$76

Property Management

10%

$245

CapEx

5%

$122

Vacancy

6%

$147

Maintenance

5%

$122

Other

0%

$0

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