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1074 Prospect Avenue, Manahawkin, NJ 08050

3 beds • 4 baths • 2655 sqft

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This property looks like a bad Airbnb investment with a projected -19.65% first-year return on $221k initial cash invested.

-19.65%

Cash On Cash

1.52%

Cap Rate

0.26

DSCR

$4,505

Rent

-$3,613

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,505 income − $8,118 expenses = $3,613 out of pocket

Income$4,505Out of Pocket$3,613Mortgage P&I$4,657103%Property Taxes$95821%Insurance$3418%Management$67615%CapEx$1804%Maintenance$1804%Other$1,12625%

Investment Breakdown

|

Purchase Price

$965k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$221k

Downpayment

20%

$193k

Closing costs

1%

$9,647

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,505

Total Expenses

$8,118

Mortgage P&I

103%

$4,657

Property Taxes

21%

$958

Home Insurance

8%

$341

HOA

0%

$0

Property Management

15%

$676

CapEx

4%

$180

Vacancy

0%

$0

Maintenance

4%

$180

Other

25%

$1,126

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