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1674 Homewood Landing Rd, Annapolis, MD 21409

3 beds • 3 baths • 2380 sqft

$1,600,000

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This property looks like a bad Airbnb investment with a projected -27.24% first-year return on $354k initial cash invested.

-27.24%

Cash On Cash

0.06%

Cap Rate

0.01

DSCR

$3,807

Rent

-$8,035

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $11,842 expenses = $8,035 out of pocket

Income$3,807Out of Pocket$8,035Mortgage P&I$7,968209%Property Taxes$1,48739%Insurance$56015%Management$57115%CapEx$1524%Maintenance$1524%Other$95225%

Investment Breakdown

|

Purchase Price

$1600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$354k

Downpayment

20%

$320k

Closing costs

1%

$16,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$11,842

Mortgage P&I

209%

$7,968

Property Taxes

39%

$1,487

Home Insurance

15%

$560

HOA

0%

$0

Property Management

15%

$571

CapEx

4%

$152

Vacancy

0%

$0

Maintenance

4%

$152

Other

25%

$952

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