REI Lense

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$4,148 (target)

8 Quincy Ct, Ocean Pines, MD 21811

3 beds • 3 baths • 2096 sqft

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This property looks like a bad Mid-Term investment with a projected -1.03% first-year return on $116k initial cash invested.

-1.03%

Cash On Cash

6.08%

Cap Rate

1.03

DSCR

$4,148

Rent

-$100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,148 income − $4,248 expenses = $100 out of pocket

Income$4,148Out of Pocket$100Mortgage P&I$2,30456%Property Taxes$2937%Insurance$1644%HOA$772%Management$49812%CapEx$1664%Vacancy$1243%Maintenance$1664%Other$45611%

Investment Breakdown

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Purchase Price

$468k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,540

Closing costs

1%

$4,677

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,148

Total Expenses

$4,248

Mortgage P&I

56%

$2,304

Property Taxes

7%

$293

Home Insurance

4%

$164

HOA

2%

$77

Property Management

12%

$498

CapEx

4%

$166

Vacancy

3%

$124

Maintenance

4%

$166

Other

11%

$456

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