405 Philadelphia Ave Unit 26, Ocean City, MD 21842
3 beds • 2 baths • 2080 sqft
$749,900
View on ZillowThis property looks like a bad Long-Term investment with a projected -24.51% first-year return on $157k initial cash invested.
-24.51%
Cash On Cash
1.12%
Cap Rate
0.19
DSCR
$2,698
Rent
-$3,216
Cashflow
Cash Flow
$2,698 income − $5,914 expenses = $3,216 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$157k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
0%
$0
Cashflow
Total Income
$2,698
Total Expenses
$5,914
Mortgage P&I
140%
$3,784
Property Taxes
16%
$436
Home Insurance
10%
$262
HOA
27%
$730
Property Management
10%
$270
CapEx
5%
$135
Vacancy
6%
$162
Maintenance
5%
$135
Other
0%
$0