REI Lense

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$3,007 (target)

7500 Cove Point Way, Elkridge, MD 21075

3 beds • 3 baths • 1594 sqft

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This property looks like a bad Long-Term investment with a projected -13.7% first-year return on $89,250 initial cash invested.

-13.7%

Cash On Cash

4.12%

Cap Rate

0.63

DSCR

$3,007

Rent

-$1,019

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,007 income − $4,026 expenses = $1,019 out of pocket

Income$3,007Out of Pocket$1,019Mortgage P&I$2,32877%Property Taxes$44815%Insurance$1495%HOA$32011%Management$30110%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,250

Downpayment

20%

$85,000

Closing costs

1%

$4,250

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,007

Total Expenses

$4,026

Mortgage P&I

77%

$2,328

Property Taxes

15%

$448

Home Insurance

5%

$149

HOA

11%

$320

Property Management

10%

$301

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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