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$3,537 (target)

84 Seafarer Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1476 sqft

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This property looks like a bad Mid-Term investment with a projected -0.97% first-year return on $101k initial cash invested.

-0.97%

Cash On Cash

6.15%

Cap Rate

1.03

DSCR

$3,537

Rent

-$82

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,537 income − $3,619 expenses = $82 out of pocket

Income$3,537Out of Pocket$82Mortgage P&I$1,97656%Property Taxes$2226%Insurance$1444%HOA$762%Management$42412%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38911%

Investment Breakdown

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Purchase Price

$397k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$79,460

Closing costs

1%

$3,973

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,537

Total Expenses

$3,619

Mortgage P&I

56%

$1,976

Property Taxes

6%

$222

Home Insurance

4%

$144

HOA

2%

$76

Property Management

12%

$424

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$389

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