REI Lense

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$3,790 (target)

7 Alden Ct, Ocean Pines, MD 21811

3 beds • 3 baths • 1641 sqft

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This property might be a fair Mid-Term investment with a projected 0.3% first-year return on $103k initial cash invested.

0.3%

Cash On Cash

6.6%

Cap Rate

1.09

DSCR

$3,790

Rent

$26

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,790 income − $3,764 expenses = $26 cash flow

Income$3,790Mortgage P&I$2,05554%Property Taxes$1965%Insurance$1474%HOA$762%Management$45512%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41711%Cash Flow$26

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,220

Closing costs

1%

$4,061

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,790

Total Expenses

$3,764

Mortgage P&I

54%

$2,055

Property Taxes

5%

$196

Home Insurance

4%

$147

HOA

2%

$76

Property Management

12%

$455

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$417

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