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304 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 2 baths • 1152 sqft

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This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $91,584 initial cash invested.

-13.01%

Cash On Cash

2.84%

Cap Rate

0.48

DSCR

$2,153

Rent

-$993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,153 income − $3,146 expenses = $993 out of pocket

Income$2,153Out of Pocket$993Mortgage P&I$1,73681%Property Taxes$1808%Insurance$1266%HOA$713%Management$32315%CapEx$864%Maintenance$864%Other$53825%

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,584

Downpayment

20%

$70,080

Closing costs

1%

$3,504

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,153

Total Expenses

$3,146

Mortgage P&I

81%

$1,736

Property Taxes

8%

$180

Home Insurance

6%

$126

HOA

3%

$71

Property Management

15%

$323

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$538

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