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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 -10.12% first-year return on $103k initial cash invested.

-10.12%

Cash On Cash

3.78%

Cap Rate

0.63

DSCR

$3,014

Rent

-$867

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,014 income − $3,881 expenses = $867 out of pocket

Income$3,014Out of Pocket$867Mortgage P&I$2,01967%Property Taxes$2197%Insurance$1144%HOA$813%Management$45215%CapEx$1214%Maintenance$1214%Other$75425%

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

$3,014

Total Expenses

$3,881

Mortgage P&I

67%

$2,019

Property Taxes

7%

$219

Home Insurance

4%

$114

HOA

3%

$81

Property Management

15%

$452

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$754

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