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107 Chesapeake Bay Ct, Atlantic City, NJ 08401

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Airbnb investment with a projected -11.03% first-year return on $84,675 initial cash invested.

-11.03%

Cash On Cash

4.06%

Cap Rate

0.62

DSCR

$2,801

Rent

-$778

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,801 income − $3,579 expenses = $778 out of pocket

Income$2,801Out of Pocket$778Mortgage P&I$1,73962%Property Taxes$38214%Insurance$1144%Management$42015%CapEx$1124%Maintenance$1124%Other$70025%

Investment Breakdown

|

Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,801

Total Expenses

$3,579

Mortgage P&I

62%

$1,739

Property Taxes

14%

$382

Home Insurance

4%

$114

HOA

0%

$0

Property Management

15%

$420

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$700

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