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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 -27.02% first-year return on $354k initial cash invested.

-27.02%

Cash On Cash

0.12%

Cap Rate

0.02

DSCR

$3,932

Rent

-$7,970

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,932 income − $11,902 expenses = $7,970 out of pocket

Income$3,932Out of Pocket$7,970Mortgage P&I$7,968203%Property Taxes$1,48738%Insurance$56014%Management$59015%CapEx$1574%Maintenance$1574%Other$98325%

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

$3,932

Total Expenses

$11,902

Mortgage P&I

203%

$7,968

Property Taxes

38%

$1,487

Home Insurance

14%

$560

HOA

0%

$0

Property Management

15%

$590

CapEx

4%

$157

Vacancy

0%

$0

Maintenance

4%

$157

Other

25%

$983

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