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1518 Ridgely Dr, Edgewater, MD 21037

3 beds • 3 baths • 1425 sqft

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This property looks like a bad Airbnb investment with a projected -18.68% first-year return on $175k initial cash invested.

-18.68%

Cash On Cash

1.9%

Cap Rate

0.32

DSCR

$3,921

Rent

-$2,731

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,921 income − $6,652 expenses = $2,731 out of pocket

Income$3,921Out of Pocket$2,731Mortgage P&I$3,76296%Property Taxes$74319%Insurance$2627%HOA$3Management$58815%CapEx$1574%Maintenance$1574%Other$98025%

Investment Breakdown

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Purchase Price

$750k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$175k

Downpayment

20%

$150k

Closing costs

1%

$7,499

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$3,921

Total Expenses

$6,652

Mortgage P&I

96%

$3,762

Property Taxes

19%

$743

Home Insurance

7%

$262

HOA

0%

$3

Property Management

15%

$588

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$980

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