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621 Terrapin Ln, Salisbury, MD 21804

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Airbnb investment with a projected -7.77% first-year return on $78,900 initial cash invested.

-7.77%

Cash On Cash

4.25%

Cap Rate

0.71

DSCR

$2,526

Rent

-$511

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,526 income − $3,037 expenses = $511 out of pocket

Income$2,526Out of Pocket$511Mortgage P&I$1,43757%Property Taxes$28211%Insurance$1054%Management$37915%CapEx$1014%Maintenance$1014%Other$63225%

Investment Breakdown

|

Purchase Price

$290k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,900

Downpayment

20%

$58,000

Closing costs

1%

$2,900

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,526

Total Expenses

$3,037

Mortgage P&I

57%

$1,437

Property Taxes

11%

$282

Home Insurance

4%

$105

HOA

0%

$0

Property Management

15%

$379

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$632

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