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7 Royal Oaks Dr, Ocean Pines, MD 21811

3 beds • 3 baths • 1440 sqft

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This property looks like a bad Airbnb investment with a projected -11.5% first-year return on $97,275 initial cash invested.

-11.5%

Cash On Cash

3.4%

Cap Rate

0.56

DSCR

$2,665

Rent

-$932

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,665 income − $3,597 expenses = $932 out of pocket

Income$2,665Out of Pocket$932Mortgage P&I$1,89571%Property Taxes$2168%Insurance$1305%HOA$763%Management$40015%CapEx$1074%Maintenance$1074%Other$66625%

Investment Breakdown

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Purchase Price

$378k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,275

Downpayment

20%

$75,500

Closing costs

1%

$3,775

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,665

Total Expenses

$3,597

Mortgage P&I

71%

$1,895

Property Taxes

8%

$216

Home Insurance

5%

$130

HOA

3%

$76

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$666

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