REI Lense

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$3,116 (target)

6720 W Lakeridge Rd, New Market, MD 21774

3 beds • 3 baths • 2868 sqft

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This property looks like a bad Long-Term investment with a projected -15.82% first-year return on $138k initial cash invested.

-15.82%

Cash On Cash

2.79%

Cap Rate

0.48

DSCR

$3,116

Rent

-$1,817

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,116 income − $4,933 expenses = $1,817 out of pocket

Income$3,116Out of Pocket$1,817Mortgage P&I$3,189102%Property Taxes$53217%Insurance$2458%HOA$1565%Management$31210%CapEx$1565%Vacancy$1876%Maintenance$1565%

Investment Breakdown

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Purchase Price

$656k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$131k

Closing costs

1%

$6,562

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,116

Total Expenses

$4,933

Mortgage P&I

102%

$3,189

Property Taxes

17%

$532

Home Insurance

8%

$245

HOA

5%

$156

Property Management

10%

$312

CapEx

5%

$156

Vacancy

6%

$187

Maintenance

5%

$156

Other

0%

$0

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