REI Lense

REI Lense

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$2,409 (target)

6 Kings Ct, Elkton, MD 21921

3 beds • 2 baths • 1686 sqft

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This property looks like a bad Long-Term investment with a projected -8.37% first-year return on $77,028 initial cash invested.

-8.37%

Cash On Cash

4.58%

Cap Rate

0.77

DSCR

$2,409

Rent

-$537

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,409 income − $2,946 expenses = $537 out of pocket

Income$2,409Out of Pocket$537Mortgage P&I$1,81675%Property Taxes$37215%Insurance$1225%HOA$10Management$24110%CapEx$1205%Vacancy$1456%Maintenance$1205%

Investment Breakdown

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Purchase Price

$367k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,028

Downpayment

20%

$73,360

Closing costs

1%

$3,668

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,409

Total Expenses

$2,946

Mortgage P&I

75%

$1,816

Property Taxes

15%

$372

Home Insurance

5%

$122

HOA

0%

$10

Property Management

10%

$241

CapEx

5%

$120

Vacancy

6%

$145

Maintenance

5%

$120

Other

0%

$0

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