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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 -7.77% first-year return on $91,290 initial cash invested.

-7.77%

Cash On Cash

4.35%

Cap Rate

0.73

DSCR

$3,121

Rent

-$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,121 income − $3,712 expenses = $591 out of pocket

Income$3,121Out of Pocket$591Mortgage P&I$1,73155%Property Taxes$2297%Insurance$1224%HOA$1324%Management$46815%CapEx$1254%Maintenance$1254%Other$78025%

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

$3,121

Total Expenses

$3,712

Mortgage P&I

55%

$1,731

Property Taxes

7%

$229

Home Insurance

4%

$122

HOA

4%

$132

Property Management

15%

$468

CapEx

4%

$125

Vacancy

0%

$0

Maintenance

4%

$125

Other

25%

$780

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