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258 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 2 baths • 1238 sqft

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This property looks like a bad Mid-Term investment with a projected -1.49% first-year return on $93,201 initial cash invested.

-1.49%

Cash On Cash

5.94%

Cap Rate

1.01

DSCR

$3,117

Rent

-$116

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$358k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,201

Downpayment

20%

$71,620

Closing costs

1%

$3,581

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,117

Total Expenses

$3,233

Mortgage P&I

57%

$1,764

Property Taxes

6%

$202

Home Insurance

4%

$131

HOA

2%

$75

Property Management

12%

$374

CapEx

4%

$125

Vacancy

3%

$94

Maintenance

4%

$125

Other

11%

$343

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