REI Lense

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$2,245 (target)

32 Driftwood Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1656 sqft

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This property looks like a bad Long-Term investment with a projected -18.66% first-year return on $135k initial cash invested.

-18.66%

Cash On Cash

2.13%

Cap Rate

0.36

DSCR

$2,245

Rent

-$2,097

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,245 income − $4,342 expenses = $2,097 out of pocket

Income$2,245Out of Pocket$2,097Mortgage P&I$3,123139%Property Taxes$28213%Insurance$22810%HOA$1266%Management$22410%CapEx$1125%Vacancy$1356%Maintenance$1125%

Investment Breakdown

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Purchase Price

$642k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$128k

Closing costs

1%

$6,421

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,245

Total Expenses

$4,342

Mortgage P&I

139%

$3,123

Property Taxes

13%

$282

Home Insurance

10%

$228

HOA

6%

$126

Property Management

10%

$224

CapEx

5%

$112

Vacancy

6%

$135

Maintenance

5%

$112

Other

0%

$0

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