REI Lense

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$4,242 (target)

32 Easton Ave, Ocean Pines, MD 21811

3 beds • 2 baths • 2444 sqft

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This property looks like a bad Mid-Term investment with a projected -7.04% first-year return on $124k initial cash invested.

-7.04%

Cash On Cash

5.27%

Cap Rate

0.8

DSCR

$4,242

Rent

-$727

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,242 income − $4,969 expenses = $727 out of pocket

Income$4,242Out of Pocket$727Mortgage P&I$2,77465%Property Taxes$3278%Insurance$1804%HOA$2456%Management$50912%CapEx$1704%Vacancy$1273%Maintenance$1704%Other$46711%

Investment Breakdown

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Purchase Price

$505k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,045

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,242

Total Expenses

$4,969

Mortgage P&I

65%

$2,774

Property Taxes

8%

$327

Home Insurance

4%

$180

HOA

6%

$245

Property Management

12%

$509

CapEx

4%

$170

Vacancy

3%

$127

Maintenance

4%

$170

Other

11%

$467

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