REI Lense

REI Lense

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$2,460 (target)

70 Camelot Cir, Ocean Pines, MD 21811

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Long-Term investment with a projected -11.36% first-year return on $84,693 initial cash invested.

-11.36%

Cash On Cash

4.35%

Cap Rate

0.68

DSCR

$2,460

Rent

-$802

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,460 income − $3,262 expenses = $802 out of pocket

Income$2,460Out of Pocket$802Mortgage P&I$2,14287%Property Taxes$25010%Insurance$1546%HOA$763%Management$24610%CapEx$1235%Vacancy$1486%Maintenance$1235%

Investment Breakdown

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Purchase Price

$403k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,693

Downpayment

20%

$80,660

Closing costs

1%

$4,033

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,460

Total Expenses

$3,262

Mortgage P&I

87%

$2,142

Property Taxes

10%

$250

Home Insurance

6%

$154

HOA

3%

$76

Property Management

10%

$246

CapEx

5%

$123

Vacancy

6%

$148

Maintenance

5%

$123

Other

0%

$0

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