REI Lense

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$2,467 (target)

369 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 3 baths • 1659 sqft

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This property looks like a bad Long-Term investment with a projected -9.35% first-year return on $85,239 initial cash invested.

-9.35%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$2,467

Rent

-$664

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $3,131 expenses = $664 out of pocket

Income$2,467Out of Pocket$664Mortgage P&I$2,01482%Property Taxes$2329%Insurance$1687%HOA$763%Management$24710%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,239

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,467

Total Expenses

$3,131

Mortgage P&I

82%

$2,014

Property Taxes

9%

$232

Home Insurance

7%

$168

HOA

3%

$76

Property Management

10%

$247

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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