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124 Fishing Creek Rd, Cape May, NJ 08204

3 beds • 4 baths • 1648 sqft

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This property looks like a bad Airbnb investment with a projected -5.72% first-year return on $131k initial cash invested.

-5.72%

Cash On Cash

5.11%

Cap Rate

0.84

DSCR

$4,991

Rent

-$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,390

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,991

Total Expenses

$5,616

Mortgage P&I

55%

$2,721

Property Taxes

6%

$309

Home Insurance

4%

$189

HOA

0%

$0

Property Management

15%

$749

CapEx

4%

$200

Vacancy

0%

$0

Maintenance

4%

$200

Other

25%

$1,248

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