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819 Summit Ave, Hagerstown, MD 21740

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Airbnb investment with a projected -10.73% first-year return on $82,890 initial cash invested.

-10.73%

Cash On Cash

3.55%

Cap Rate

0.59

DSCR

$2,317

Rent

-$741

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,317 income − $3,058 expenses = $741 out of pocket

Income$2,317Out of Pocket$741Mortgage P&I$1,56267%Property Taxes$27512%Insurance$1085%Management$34815%CapEx$934%Maintenance$934%Other$57925%

Investment Breakdown

|

Purchase Price

$309k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,890

Downpayment

20%

$61,800

Closing costs

1%

$3,090

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,317

Total Expenses

$3,058

Mortgage P&I

67%

$1,562

Property Taxes

12%

$275

Home Insurance

5%

$108

HOA

0%

$0

Property Management

15%

$348

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$579

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