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 Mid-Term investment with a projected -17.38% first-year return on $175k initial cash invested.
-17.38%
Cash On Cash
2.25%
Cap Rate
0.37
DSCR
$4,047
Rent
-$2,541
Cashflow
Cash Flow
$4,047 income − $6,588 expenses = $2,541 out of pocket
Investment Breakdown
|
Purchase Price
$750k
Downpayment
20.0%
Interest Rate
6.5%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$150k
Closing costs
1%
$7,499
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$4,047
Total Expenses
$6,588
Mortgage P&I
94%
$3,784
Property Taxes
11%
$436
Home Insurance
6%
$262
HOA
18%
$730
Property Management
12%
$486
CapEx
4%
$162
Vacancy
3%
$121
Maintenance
4%
$162
Other
11%
$445