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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 -18.95% first-year return on $221k initial cash invested.

-18.95%

Cash On Cash

1.7%

Cap Rate

0.29

DSCR

$4,753

Rent

-$3,484

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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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

$4,753

Total Expenses

$8,237

Mortgage P&I

98%

$4,657

Property Taxes

20%

$958

Home Insurance

7%

$341

HOA

0%

$0

Property Management

15%

$713

CapEx

4%

$190

Vacancy

0%

$0

Maintenance

4%

$190

Other

25%

$1,188

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