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5 Falcon Bridge Rd, Ocean Pines, MD 21811

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -13.01% first-year return on $107k initial cash invested.

-13.01%

Cash On Cash

3.18%

Cap Rate

0.52

DSCR

$2,774

Rent

-$1,160

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,774 income − $3,934 expenses = $1,160 out of pocket

Income$2,774Out of Pocket$1,160Mortgage P&I$2,17178%Property Taxes$2077%Insurance$1485%HOA$763%Management$41615%CapEx$1114%Maintenance$1114%Other$69425%

Investment Breakdown

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Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,760

Closing costs

1%

$4,238

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,774

Total Expenses

$3,934

Mortgage P&I

78%

$2,171

Property Taxes

7%

$207

Home Insurance

5%

$148

HOA

3%

$76

Property Management

15%

$416

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$694

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