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2 Heron Isle Ct, Ocean Pines, MD 21811

3 beds • 2 baths • 1571 sqft

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This property looks like a bad Airbnb investment with a projected -13.3% first-year return on $103k initial cash invested.

-13.3%

Cash On Cash

2.91%

Cap Rate

0.49

DSCR

$2,490

Rent

-$1,139

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,490 income − $3,629 expenses = $1,139 out of pocket

Income$2,490Out of Pocket$1,139Mortgage P&I$2,01981%Property Taxes$2199%Insurance$1145%HOA$813%Management$37415%CapEx$1004%Maintenance$1004%Other$62225%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,740

Closing costs

1%

$4,037

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,490

Total Expenses

$3,629

Mortgage P&I

81%

$2,019

Property Taxes

9%

$219

Home Insurance

5%

$114

HOA

3%

$81

Property Management

15%

$374

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$622

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