REI Lense

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$2,497 (target)

42 Harpoon Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1690 sqft

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This property looks like a bad Long-Term investment with a projected -11.82% first-year return on $95,151 initial cash invested.

-11.82%

Cash On Cash

3.81%

Cap Rate

0.64

DSCR

$2,497

Rent

-$937

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,497 income − $3,434 expenses = $937 out of pocket

Income$2,497Out of Pocket$937Mortgage P&I$2,25290%Property Taxes$27711%Insurance$1797%HOA$763%Management$25010%CapEx$1255%Vacancy$1506%Maintenance$1255%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,151

Downpayment

20%

$90,620

Closing costs

1%

$4,531

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,497

Total Expenses

$3,434

Mortgage P&I

90%

$2,252

Property Taxes

11%

$277

Home Insurance

7%

$179

HOA

3%

$76

Property Management

10%

$250

CapEx

5%

$125

Vacancy

6%

$150

Maintenance

5%

$125

Other

0%

$0

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