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Updated over 10 years ago on . Most recent reply

PJ Pahygiannis's profile image
PJ Pahygiannis's profile image
PJ Pahygiannis
  • from Olney, Maryland
  • Member since Mar 3, 2014
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14
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PJ Pahygiannis's profile image
PJ Pahygiannis's profile image
PJ Pahygiannis
  • from Olney, Maryland
  • Member since Mar 3, 2014
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PJ Pahygiannis
  • Olney, MD
1
Votes |
14
Posts
Buying & Selling Real Estate

Thoughts on this property?

PJ Pahygiannis
  • Olney, MD
Posted

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

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