REI Lense

REI Lense

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$2,097 (target)

44 Grand Port Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Long-Term investment with a projected -10.86% first-year return on $73,290 initial cash invested.

-10.86%

Cash On Cash

4.03%

Cap Rate

0.68

DSCR

$2,097

Rent

-$663

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,097 income − $2,760 expenses = $663 out of pocket

Income$2,097Out of Pocket$663Mortgage P&I$1,73183%Property Taxes$22911%Insurance$1226%HOA$1326%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,097

Total Expenses

$2,760

Mortgage P&I

83%

$1,731

Property Taxes

11%

$229

Home Insurance

6%

$122

HOA

6%

$132

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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