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$4,046 (target)

63 Chatham Ct, Ocean Pines, MD 21811

3 beds • 2 baths • 2052 sqft

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This property looks like a bad Mid-Term investment with a projected -7.25% first-year return on $120k initial cash invested.

-7.25%

Cash On Cash

5.09%

Cap Rate

0.79

DSCR

$4,046

Rent

-$725

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,046 income − $4,771 expenses = $725 out of pocket

Income$4,046Out of Pocket$725Mortgage P&I$2,62365%Property Taxes$2767%Insurance$1754%HOA$3218%Management$48612%CapEx$1624%Vacancy$1213%Maintenance$1624%Other$44511%

Investment Breakdown

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Purchase Price

$486k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$120k

Downpayment

20%

$97,220

Closing costs

1%

$4,861

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,046

Total Expenses

$4,771

Mortgage P&I

65%

$2,623

Property Taxes

7%

$276

Home Insurance

4%

$175

HOA

8%

$321

Property Management

12%

$486

CapEx

4%

$162

Vacancy

3%

$121

Maintenance

4%

$162

Other

11%

$445

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