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15 Cranefly Cir, Cape May, NJ 08204

3 beds • 2 baths • 1722 sqft

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This property looks like a bad Airbnb investment with a projected -15.37% first-year return on $152k initial cash invested.

-15.37%

Cash On Cash

2.49%

Cap Rate

0.42

DSCR

$3,652

Rent

-$1,945

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,652 income − $5,597 expenses = $1,945 out of pocket

Income$3,652Out of Pocket$1,945Mortgage P&I$3,12486%Property Taxes$49213%Insurance$2286%Management$54815%CapEx$1464%Maintenance$1464%Other$91325%

Investment Breakdown

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Purchase Price

$638k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$128k

Closing costs

1%

$6,375

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,652

Total Expenses

$5,597

Mortgage P&I

86%

$3,124

Property Taxes

13%

$492

Home Insurance

6%

$228

HOA

0%

$0

Property Management

15%

$548

CapEx

4%

$146

Vacancy

0%

$0

Maintenance

4%

$146

Other

25%

$913

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