REI Lense

REI Lense

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$2,291 (target)

36 Fairway Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1311 sqft

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This property looks like a bad Long-Term investment with a projected -12.37% first-year return on $79,191 initial cash invested.

-12.37%

Cash On Cash

4.25%

Cap Rate

0.66

DSCR

$2,291

Rent

-$816

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,291 income − $3,107 expenses = $816 out of pocket

Income$2,291Out of Pocket$816Mortgage P&I$2,03689%Property Taxes$23810%Insurance$1617%HOA$763%Management$22910%CapEx$1155%Vacancy$1376%Maintenance$1155%

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,191

Downpayment

20%

$75,420

Closing costs

1%

$3,771

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,291

Total Expenses

$3,107

Mortgage P&I

89%

$2,036

Property Taxes

10%

$238

Home Insurance

7%

$161

HOA

3%

$76

Property Management

10%

$229

CapEx

5%

$115

Vacancy

6%

$137

Maintenance

5%

$115

Other

0%

$0

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