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55 Martinique Cir, Ocean Pines, MD 21811

3 beds • 2 baths • 1456 sqft

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This property looks like a bad Airbnb investment with a projected -8.94% first-year return on $93,474 initial cash invested.

-8.94%

Cash On Cash

4.16%

Cap Rate

0.68

DSCR

$3,029

Rent

-$696

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,029 income − $3,725 expenses = $696 out of pocket

Income$3,029Out of Pocket$696Mortgage P&I$1,82260%Property Taxes$2277%Insurance$1475%HOA$763%Management$45415%CapEx$1214%Maintenance$1214%Other$75725%

Investment Breakdown

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Purchase Price

$359k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$93,474

Downpayment

20%

$71,880

Closing costs

1%

$3,594

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,029

Total Expenses

$3,725

Mortgage P&I

60%

$1,822

Property Taxes

7%

$227

Home Insurance

5%

$147

HOA

3%

$76

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$757

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