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22 Watergreen Ln, Ocean Pines, MD 21811

3 beds • 3 baths • 2214 sqft

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This property looks like a bad Mid-Term investment with a projected -8.1% first-year return on $145k initial cash invested.

-8.1%

Cash On Cash

4.02%

Cap Rate

0.71

DSCR

$3,950

Rent

-$982

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$607k

Downpayment

20.0%

Interest Rate

5.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$121k

Closing costs

1%

$6,070

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,950

Total Expenses

$4,932

Mortgage P&I

72%

$2,855

Property Taxes

8%

$316

Home Insurance

7%

$294

HOA

3%

$125

Property Management

12%

$474

CapEx

4%

$158

Vacancy

3%

$118

Maintenance

4%

$158

Other

11%

$434

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