REI Lense

REI Lense

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$3,597 (target)

3 Starboard Ct, Ocean Pines, MD 21811

3 beds • 2 baths • 1738 sqft

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This property looks like a bad Mid-Term investment with a projected -0.16% first-year return on $100k initial cash invested.

-0.16%

Cash On Cash

6.35%

Cap Rate

1.07

DSCR

$3,597

Rent

-$13

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,597 income − $3,610 expenses = $13 out of pocket

Income$3,597Out of Pocket$13Mortgage P&I$1,94054%Property Taxes$2246%Insurance$1494%HOA$732%Management$43212%CapEx$1444%Vacancy$1083%Maintenance$1444%Other$39611%

Investment Breakdown

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Purchase Price

$391k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,220

Closing costs

1%

$3,911

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,597

Total Expenses

$3,610

Mortgage P&I

54%

$1,940

Property Taxes

6%

$224

Home Insurance

4%

$149

HOA

2%

$73

Property Management

12%

$432

CapEx

4%

$144

Vacancy

3%

$108

Maintenance

4%

$144

Other

11%

$396

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