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43 Birdnest Dr, Ocean Pines, MD 21811

3 beds • 2 baths • 1160 sqft

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This property looks like a bad Airbnb investment with a projected -11.45% first-year return on $93,453 initial cash invested.

-11.45%

Cash On Cash

3.47%

Cap Rate

0.57

DSCR

$2,575

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,575 income − $3,467 expenses = $892 out of pocket

Income$2,575Out of Pocket$892Mortgage P&I$1,82971%Property Taxes$1968%Insurance$1305%HOA$763%Management$38615%CapEx$1034%Maintenance$1034%Other$64425%

Investment Breakdown

|

Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,453

Downpayment

20%

$71,860

Closing costs

1%

$3,593

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,575

Total Expenses

$3,467

Mortgage P&I

71%

$1,829

Property Taxes

8%

$196

Home Insurance

5%

$130

HOA

3%

$76

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$644

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