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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 -14.94% first-year return on $107k initial cash invested.

-14.94%

Cash On Cash

2.65%

Cap Rate

0.43

DSCR

$2,442

Rent

-$1,332

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,442 income − $3,774 expenses = $1,332 out of pocket

Income$2,442Out of Pocket$1,332Mortgage P&I$2,17189%Property Taxes$2078%Insurance$1486%HOA$763%Management$36615%CapEx$984%Maintenance$984%Other$61025%

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

$2,442

Total Expenses

$3,774

Mortgage P&I

89%

$2,171

Property Taxes

8%

$207

Home Insurance

6%

$148

HOA

3%

$76

Property Management

15%

$366

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$610

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