Thoughts on this property?

[PJ Pahygiannis]

I'm 18 years old, very interested in any kind of investing and would LOVE to get into real estate. Thoughts on this property?

13201 Coastal Hwy #28 in Ocean City, MD

Price- $38,000

Initial investment- 10% down, $3,800

Debt- $34,200

Interest rate- 4.127%

Monthly rent- $1,402

Cap Rate- 44.27%

Property tax- .82%

Return on Cash Invested- 1172.20%

Projected 5-year IRR- 182.20%

Cash flow per month- $565.50