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$3,414 (target)

11 Bimini Ln, Ocean Pines, MD 21811

3 beds • 2 baths • 1344 sqft

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This property might be a fair Mid-Term investment with a projected 2.97% first-year return on $86,901 initial cash invested.

2.97%

Cash On Cash

7.29%

Cap Rate

1.21

DSCR

$3,414

Rent

$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,414 income − $3,199 expenses = $215 cash flow

Income$3,414Mortgage P&I$1,64048%Property Taxes$2026%Insurance$1193%HOA$762%Management$41012%CapEx$1374%Vacancy$1023%Maintenance$1374%Other$37611%Cash Flow$215

Investment Breakdown

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Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,901

Downpayment

20%

$65,620

Closing costs

1%

$3,281

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,414

Total Expenses

$3,199

Mortgage P&I

48%

$1,640

Property Taxes

6%

$202

Home Insurance

3%

$119

HOA

2%

$76

Property Management

12%

$410

CapEx

4%

$137

Vacancy

3%

$102

Maintenance

4%

$137

Other

11%

$376

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