REI Lense

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$3,436 (target)

36 Fairway Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1311 sqft

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This property looks like a bad Mid-Term investment with a projected -2.99% first-year return on $97,191 initial cash invested.

-2.99%

Cash On Cash

6.14%

Cap Rate

0.95

DSCR

$3,436

Rent

-$242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,436 income − $3,678 expenses = $242 out of pocket

Income$3,436Out of Pocket$242Mortgage P&I$2,03659%Property Taxes$2387%Insurance$1615%HOA$762%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37811%

Investment Breakdown

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Purchase Price

$377k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,191

Downpayment

20%

$75,420

Closing costs

1%

$3,771

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,436

Total Expenses

$3,678

Mortgage P&I

59%

$2,036

Property Taxes

7%

$238

Home Insurance

5%

$161

HOA

2%

$76

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$378

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