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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 Long-Term investment with a projected -10.13% first-year return on $75,201 initial cash invested.

-10.13%

Cash On Cash

4.13%

Cap Rate

0.7

DSCR

$2,078

Rent

-$635

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

$75,201

Downpayment

20%

$71,620

Closing costs

1%

$3,581

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,078

Total Expenses

$2,713

Mortgage P&I

85%

$1,764

Property Taxes

10%

$202

Home Insurance

6%

$131

HOA

4%

$75

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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