REI Lense

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$3,614 (target)

6 Kings Ct, Elkton, MD 21921

3 beds • 2 baths • 1686 sqft

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This property might be a fair Mid-Term investment with a projected 0.81% first-year return on $95,028 initial cash invested.

0.81%

Cash On Cash

6.62%

Cap Rate

1.12

DSCR

$3,614

Rent

$64

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,614 income − $3,550 expenses = $64 cash flow

Income$3,614Mortgage P&I$1,81650%Property Taxes$37210%Insurance$1223%HOA$10Management$43412%CapEx$1454%Vacancy$1083%Maintenance$1454%Other$39811%Cash Flow$64

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$95,028

Downpayment

20%

$73,360

Closing costs

1%

$3,668

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,614

Total Expenses

$3,550

Mortgage P&I

50%

$1,816

Property Taxes

10%

$372

Home Insurance

3%

$122

HOA

0%

$10

Property Management

12%

$434

CapEx

4%

$145

Vacancy

3%

$108

Maintenance

4%

$145

Other

11%

$398

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