REI Lense

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$2,673 (target)

7 Royal Oaks Dr, Ocean Pines, MD 21811

3 beds • 3 baths • 1440 sqft

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This property looks like a bad Long-Term investment with a projected -5.13% first-year return on $79,275 initial cash invested.

-5.13%

Cash On Cash

5.37%

Cap Rate

0.89

DSCR

$2,673

Rent

-$339

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,673 income − $3,012 expenses = $339 out of pocket

Income$2,673Out of Pocket$339Mortgage P&I$1,89571%Property Taxes$2168%Insurance$1305%HOA$763%Management$26710%CapEx$1345%Vacancy$1606%Maintenance$1345%

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,275

Downpayment

20%

$75,500

Closing costs

1%

$3,775

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,673

Total Expenses

$3,012

Mortgage P&I

71%

$1,895

Property Taxes

8%

$216

Home Insurance

5%

$130

HOA

3%

$76

Property Management

10%

$267

CapEx

5%

$134

Vacancy

6%

$160

Maintenance

5%

$134

Other

0%

$0

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