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120 Albatross Ave, Manahawkin, NJ 08050

3 beds • 2 baths • 1124 sqft

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This property looks like a bad Airbnb investment with a projected -13.38% first-year return on $128k initial cash invested.

-13.38%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$3,368

Rent

-$1,423

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,368 income − $4,791 expenses = $1,423 out of pocket

Income$3,368Out of Pocket$1,423Mortgage P&I$2,55076%Property Taxes$44913%Insurance$1755%Management$50515%CapEx$1354%Maintenance$1354%Other$84225%

Investment Breakdown

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Purchase Price

$522k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$128k

Downpayment

20%

$104k

Closing costs

1%

$5,219

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,368

Total Expenses

$4,791

Mortgage P&I

76%

$2,550

Property Taxes

13%

$449

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$505

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$842

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