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2308 229th St, Pasadena, MD 21122

3 beds • 2 baths • 1945 sqft

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This property looks like a bad Airbnb investment with a projected -6.62% first-year return on $107k initial cash invested.

-6.62%

Cash On Cash

4.57%

Cap Rate

0.79

DSCR

$3,766

Rent

-$590

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,766 income − $4,356 expenses = $590 out of pocket

Income$3,766Out of Pocket$590Mortgage P&I$2,05254%Property Taxes$3469%Insurance$1494%Management$56515%CapEx$1514%Maintenance$1514%Other$94225%

Investment Breakdown

|

Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,680

Closing costs

1%

$4,234

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,766

Total Expenses

$4,356

Mortgage P&I

54%

$2,052

Property Taxes

9%

$346

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$565

CapEx

4%

$151

Vacancy

0%

$0

Maintenance

4%

$151

Other

25%

$942

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