REI Lense

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$2,155 (target)

31 Driftwood Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1232 sqft

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This property looks like a bad Long-Term investment with a projected -18.83% first-year return on $131k initial cash invested.

-18.83%

Cash On Cash

2.09%

Cap Rate

0.36

DSCR

$2,155

Rent

-$2,057

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $4,212 expenses = $2,057 out of pocket

Income$2,155Out of Pocket$2,057Mortgage P&I$3,035141%Property Taxes$28213%Insurance$21910%HOA$1155%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

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Purchase Price

$624k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$125k

Closing costs

1%

$6,241

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$4,212

Mortgage P&I

141%

$3,035

Property Taxes

13%

$282

Home Insurance

10%

$219

HOA

5%

$115

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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