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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 -12.74% first-year return on $131k initial cash invested.

-12.74%

Cash On Cash

3.27%

Cap Rate

0.54

DSCR

$3,510

Rent

-$1,393

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,510 income − $4,903 expenses = $1,393 out of pocket

Income$3,510Out of Pocket$1,393Mortgage P&I$2,72178%Property Taxes$3099%Insurance$1895%Management$52615%CapEx$1404%Maintenance$1404%Other$87825%

Investment Breakdown

|

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

$3,510

Total Expenses

$4,903

Mortgage P&I

78%

$2,721

Property Taxes

9%

$309

Home Insurance

5%

$189

HOA

0%

$0

Property Management

15%

$526

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$878

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