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$3,746 (target)

42 Harpoon Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1690 sqft

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This property looks like a bad Mid-Term investment with a projected -3.31% first-year return on $113k initial cash invested.

-3.31%

Cash On Cash

5.54%

Cap Rate

0.93

DSCR

$3,746

Rent

-$312

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,746 income − $4,058 expenses = $312 out of pocket

Income$3,746Out of Pocket$312Mortgage P&I$2,25260%Property Taxes$2777%Insurance$1795%HOA$762%Management$45012%CapEx$1504%Vacancy$1123%Maintenance$1504%Other$41211%

Investment Breakdown

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Purchase Price

$453k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$113k

Downpayment

20%

$90,620

Closing costs

1%

$4,531

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,746

Total Expenses

$4,058

Mortgage P&I

60%

$2,252

Property Taxes

7%

$277

Home Insurance

5%

$179

HOA

2%

$76

Property Management

12%

$450

CapEx

4%

$150

Vacancy

3%

$112

Maintenance

4%

$150

Other

11%

$412

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