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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 -11.23% first-year return on $93,474 initial cash invested.

-11.23%

Cash On Cash

3.52%

Cap Rate

0.58

DSCR

$2,686

Rent

-$875

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,686 income − $3,561 expenses = $875 out of pocket

Income$2,686Out of Pocket$875Mortgage P&I$1,82268%Property Taxes$2278%Insurance$1475%HOA$763%Management$40315%CapEx$1074%Maintenance$1074%Other$67225%

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

$2,686

Total Expenses

$3,561

Mortgage P&I

68%

$1,822

Property Taxes

8%

$227

Home Insurance

5%

$147

HOA

3%

$76

Property Management

15%

$403

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$672

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