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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 -12.22% first-year return on $124k initial cash invested.

-12.22%

Cash On Cash

3.19%

Cap Rate

0.54

DSCR

$3,489

Rent

-$1,266

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,489 income − $4,755 expenses = $1,266 out of pocket

Income$3,489Out of Pocket$1,266Mortgage P&I$2,47271%Property Taxes$42612%Insurance$1825%Management$52315%CapEx$1404%Maintenance$1404%Other$87225%

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

$3,489

Total Expenses

$4,755

Mortgage P&I

71%

$2,472

Property Taxes

12%

$426

Home Insurance

5%

$182

HOA

0%

$0

Property Management

15%

$523

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$872

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