REI Lense

REI Lense

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$2,362 (target)

31 Footbridge Trl, Ocean Pines, MD 21811

3 beds • 2 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -8.58% first-year return on $78,897 initial cash invested.

-8.58%

Cash On Cash

4.54%

Cap Rate

0.76

DSCR

$2,362

Rent

-$564

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,362 income − $2,926 expenses = $564 out of pocket

Income$2,362Out of Pocket$564Mortgage P&I$1,86879%Property Taxes$23210%Insurance$1366%HOA$763%Management$23610%CapEx$1185%Vacancy$1426%Maintenance$1185%

Investment Breakdown

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Purchase Price

$376k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,897

Downpayment

20%

$75,140

Closing costs

1%

$3,757

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,362

Total Expenses

$2,926

Mortgage P&I

79%

$1,868

Property Taxes

10%

$232

Home Insurance

6%

$136

HOA

3%

$76

Property Management

10%

$236

CapEx

5%

$118

Vacancy

6%

$142

Maintenance

5%

$118

Other

0%

$0

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