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1 Englewood Rd, Cape May, NJ 08204

3 beds • 4 baths • 1538 sqft

$1,728,500

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This property looks like a bad Airbnb investment with a projected -21.34% first-year return on $381k initial cash invested.

-21.34%

Cash On Cash

1.62%

Cap Rate

0.26

DSCR

$6,339

Rent

-$6,774

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,339 income − $13,113 expenses = $6,774 out of pocket

Income$6,339Out of Pocket$6,774Mortgage P&I$8,854140%Property Taxes$5759%Insurance$64010%Management$95115%CapEx$2544%Maintenance$2544%Other$1,58525%

Investment Breakdown

|

Purchase Price

$1729k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$381k

Downpayment

20%

$346k

Closing costs

1%

$17,285

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,339

Total Expenses

$13,113

Mortgage P&I

140%

$8,854

Property Taxes

9%

$575

Home Insurance

10%

$640

HOA

0%

$0

Property Management

15%

$951

CapEx

4%

$254

Vacancy

0%

$0

Maintenance

4%

$254

Other

25%

$1,585

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