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$3,504 (target)

14 Willow Way, Ocean Pines, MD 21811

3 beds • 2 baths • 1536 sqft

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This property looks like a bad Mid-Term investment with a projected -1.91% first-year return on $98,661 initial cash invested.

-1.91%

Cash On Cash

6.25%

Cap Rate

0.99

DSCR

$3,504

Rent

-$157

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,504 income − $3,661 expenses = $157 out of pocket

Income$3,504Out of Pocket$157Mortgage P&I$2,01858%Property Taxes$2397%Insurance$1384%HOA$762%Management$42012%CapEx$1404%Vacancy$1053%Maintenance$1404%Other$38511%

Investment Breakdown

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Purchase Price

$384k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$98,661

Downpayment

20%

$76,820

Closing costs

1%

$3,841

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,504

Total Expenses

$3,661

Mortgage P&I

58%

$2,018

Property Taxes

7%

$239

Home Insurance

4%

$138

HOA

2%

$76

Property Management

12%

$420

CapEx

4%

$140

Vacancy

3%

$105

Maintenance

4%

$140

Other

11%

$385

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