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1409 Edgemere Ave, Forked River, NJ 08731

3 beds • 2 baths • 1446 sqft

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This property looks like a bad Airbnb investment with a projected -10.98% first-year return on $124k initial cash invested.

-10.98%

Cash On Cash

3.51%

Cap Rate

0.6

DSCR

$3,733

Rent

-$1,138

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,733 income − $4,871 expenses = $1,138 out of pocket

Income$3,733Out of Pocket$1,138Mortgage P&I$2,47266%Property Taxes$42611%Insurance$1825%Management$56015%CapEx$1494%Maintenance$1494%Other$93325%

Investment Breakdown

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Purchase Price

$506k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$101k

Closing costs

1%

$5,063

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,733

Total Expenses

$4,871

Mortgage P&I

66%

$2,472

Property Taxes

11%

$426

Home Insurance

5%

$182

HOA

0%

$0

Property Management

15%

$560

CapEx

4%

$149

Vacancy

0%

$0

Maintenance

4%

$149

Other

25%

$933

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