REI Lense

REI Lense

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$2,896 (target)

6604 Rockridge Rd, New Market, MD 21774

3 beds • 3 baths • 1478 sqft

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This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $104k initial cash invested.

-13.66%

Cash On Cash

3.79%

Cap Rate

0.6

DSCR

$2,896

Rent

-$1,181

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,896 income − $4,077 expenses = $1,181 out of pocket

Income$2,896Out of Pocket$1,181Mortgage P&I$2,59690%Property Taxes$39914%Insurance$1726%HOA$1565%Management$29010%CapEx$1455%Vacancy$1746%Maintenance$1455%

Investment Breakdown

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Purchase Price

$494k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$98,800

Closing costs

1%

$4,940

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,896

Total Expenses

$4,077

Mortgage P&I

90%

$2,596

Property Taxes

14%

$399

Home Insurance

6%

$172

HOA

5%

$156

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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