REI Lense

REI Lense

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$2,527 (target)

7 Alden Ct, Ocean Pines, MD 21811

3 beds • 3 baths • 1641 sqft

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This property looks like a bad Long-Term investment with a projected -8.5% first-year return on $85,281 initial cash invested.

-8.5%

Cash On Cash

4.66%

Cap Rate

0.77

DSCR

$2,527

Rent

-$604

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,527 income − $3,131 expenses = $604 out of pocket

Income$2,527Out of Pocket$604Mortgage P&I$2,05581%Property Taxes$1968%Insurance$1476%HOA$763%Management$25310%CapEx$1265%Vacancy$1526%Maintenance$1265%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,281

Downpayment

20%

$81,220

Closing costs

1%

$4,061

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,527

Total Expenses

$3,131

Mortgage P&I

81%

$2,055

Property Taxes

8%

$196

Home Insurance

6%

$147

HOA

3%

$76

Property Management

10%

$253

CapEx

5%

$126

Vacancy

6%

$152

Maintenance

5%

$126

Other

0%

$0

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