REI Lense

REI Lense

Unlock all features! Tap here to upgrade

$2,071 (target)

98 White Horse Dr, Ocean Pines, MD 21811

3 beds • 2 baths • 960 sqft

Email

This property looks like a bad Long-Term investment with a projected -6.5% first-year return on $55,587 initial cash invested.

-6.5%

Cash On Cash

5.7%

Cap Rate

0.86

DSCR

$2,071

Rent

-$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,071 income − $2,372 expenses = $301 out of pocket

Income$2,071Out of Pocket$301Mortgage P&I$1,45570%Property Taxes$1809%Insurance$1226%HOA$764%Management$20710%CapEx$1045%Vacancy$1246%Maintenance$1045%

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,587

Downpayment

20%

$52,940

Closing costs

1%

$2,647

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,071

Total Expenses

$2,372

Mortgage P&I

70%

$1,455

Property Taxes

9%

$180

Home Insurance

6%

$122

HOA

4%

$76

Property Management

10%

$207

CapEx

5%

$104

Vacancy

6%

$124

Maintenance

5%

$104

Other

0%

$0

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis