REI Lense

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$2,392 (target)

348 Union Church Rd, Elkton, MD 21921

3 beds • 3 baths • 2104 sqft

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This property looks like a bad Long-Term investment with a projected -9.47% first-year return on $87,465 initial cash invested.

-9.47%

Cash On Cash

4.24%

Cap Rate

0.72

DSCR

$2,392

Rent

-$690

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,392 income − $3,082 expenses = $690 out of pocket

Income$2,392Out of Pocket$690Mortgage P&I$2,04385%Property Taxes$26711%Insurance$1496%Management$23910%CapEx$1205%Vacancy$1446%Maintenance$1205%

Investment Breakdown

|

Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$87,465

Downpayment

20%

$83,300

Closing costs

1%

$4,165

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,392

Total Expenses

$3,082

Mortgage P&I

85%

$2,043

Property Taxes

11%

$267

Home Insurance

6%

$149

HOA

0%

$0

Property Management

10%

$239

CapEx

5%

$120

Vacancy

6%

$144

Maintenance

5%

$120

Other

0%

$0

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