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75 Cresthaven Dr, Ocean Pines, MD 21811

3 beds • 2 baths • 1296 sqft

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This property looks like a bad Airbnb investment with a projected -15.82% first-year return on $102k initial cash invested.

-15.82%

Cash On Cash

2.89%

Cap Rate

0.44

DSCR

$2,537

Rent

-$1,350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,537 income − $3,887 expenses = $1,350 out of pocket

Income$2,537Out of Pocket$1,350Mortgage P&I$2,21687%Property Taxes$2299%Insurance$1456%HOA$803%Management$38115%CapEx$1014%Maintenance$1014%Other$63425%

Investment Breakdown

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Purchase Price

$402k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$80,400

Closing costs

1%

$4,020

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,537

Total Expenses

$3,887

Mortgage P&I

87%

$2,216

Property Taxes

9%

$229

Home Insurance

6%

$145

HOA

3%

$80

Property Management

15%

$381

CapEx

4%

$101

Vacancy

0%

$0

Maintenance

4%

$101

Other

25%

$634

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