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44 Grand Port Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1008 sqft

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This property looks like a bad Airbnb investment with a projected -11.54% first-year return on $91,290 initial cash invested.

-11.54%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$2,571

Rent

-$878

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,571 income − $3,449 expenses = $878 out of pocket

Income$2,571Out of Pocket$878Mortgage P&I$1,73167%Property Taxes$2299%Insurance$1225%HOA$1325%Management$38615%CapEx$1034%Maintenance$1034%Other$64325%

Investment Breakdown

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Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,290

Downpayment

20%

$69,800

Closing costs

1%

$3,490

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,571

Total Expenses

$3,449

Mortgage P&I

67%

$1,731

Property Taxes

9%

$229

Home Insurance

5%

$122

HOA

5%

$132

Property Management

15%

$386

CapEx

4%

$103

Vacancy

0%

$0

Maintenance

4%

$103

Other

25%

$643

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