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$3,678 (target)

88 Newport Dr, Ocean Pines, MD 21811

3 beds • 3 baths • 1526 sqft

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This property looks like a bad Mid-Term investment with a projected -10.23% first-year return on $143k initial cash invested.

-10.23%

Cash On Cash

3.67%

Cap Rate

0.63

DSCR

$3,678

Rent

-$1,220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,678 income − $4,898 expenses = $1,220 out of pocket

Income$3,678Out of Pocket$1,220Mortgage P&I$2,89579%Property Taxes$3249%Insurance$2978%HOA$1324%Management$44112%CapEx$1474%Vacancy$1103%Maintenance$1474%Other$40511%

Investment Breakdown

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Purchase Price

$596k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,957

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,678

Total Expenses

$4,898

Mortgage P&I

79%

$2,895

Property Taxes

9%

$324

Home Insurance

8%

$297

HOA

4%

$132

Property Management

12%

$441

CapEx

4%

$147

Vacancy

3%

$110

Maintenance

4%

$147

Other

11%

$405

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