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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 -23.46% first-year return on $381k initial cash invested.

-23.46%

Cash On Cash

1.12%

Cap Rate

0.18

DSCR

$5,044

Rent

-$7,447

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,044 income − $12,491 expenses = $7,447 out of pocket

Income$5,044Out of Pocket$7,447Mortgage P&I$8,854176%Property Taxes$57511%Insurance$64013%Management$75715%CapEx$2024%Maintenance$2024%Other$1,26125%

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

$5,044

Total Expenses

$12,491

Mortgage P&I

176%

$8,854

Property Taxes

11%

$575

Home Insurance

13%

$640

HOA

0%

$0

Property Management

15%

$757

CapEx

4%

$202

Vacancy

0%

$0

Maintenance

4%

$202

Other

25%

$1,261

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