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$3,700 (target)

369 Ocean Pkwy, Ocean Pines, MD 21811

3 beds • 3 baths • 1659 sqft

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This property looks like a bad Mid-Term investment with a projected -0.56% first-year return on $103k initial cash invested.

-0.56%

Cash On Cash

6.25%

Cap Rate

1.05

DSCR

$3,700

Rent

-$48

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,700 income − $3,748 expenses = $48 out of pocket

Income$3,700Out of Pocket$48Mortgage P&I$2,01454%Property Taxes$2326%Insurance$1685%HOA$762%Management$44412%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40711%

Investment Breakdown

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Purchase Price

$406k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$81,180

Closing costs

1%

$4,059

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,700

Total Expenses

$3,748

Mortgage P&I

54%

$2,014

Property Taxes

6%

$232

Home Insurance

5%

$168

HOA

2%

$76

Property Management

12%

$444

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$407

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