REI Lense

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$3,224 (target)

29831 Lee Rd, Mechanicsville, MD 20659

3 beds • 2 baths • 1322 sqft

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This property looks like a bad Mid-Term investment with a projected -3.08% first-year return on $102k initial cash invested.

-3.08%

Cash On Cash

5.7%

Cap Rate

0.93

DSCR

$3,224

Rent

-$261

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,224 income − $3,485 expenses = $261 out of pocket

Income$3,224Out of Pocket$261Mortgage P&I$2,02263%Property Taxes$2267%Insurance$1404%Management$38712%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35511%

Investment Breakdown

|

Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,640

Closing costs

1%

$3,982

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,224

Total Expenses

$3,485

Mortgage P&I

63%

$2,022

Property Taxes

7%

$226

Home Insurance

4%

$140

HOA

0%

$0

Property Management

12%

$387

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$355

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