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16 Harmony Lane, Brick, NJ 08724

3 beds • 2 baths • 1744 sqft

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This property looks like a bad Airbnb investment with a projected -27.82% first-year return on $174k initial cash invested.

-27.82%

Cash On Cash

-0.29%

Cap Rate

-0.05

DSCR

$1,810

Rent

-$4,041

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,810 income − $5,851 expenses = $4,041 out of pocket

Income$1,810Out of Pocket$4,041Mortgage P&I$3,790209%Property Taxes$93151%Insurance$26214%Management$27215%CapEx$724%Maintenance$724%Other$45225%

Investment Breakdown

|

Purchase Price

$744k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$174k

Downpayment

20%

$149k

Closing costs

1%

$7,442

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$1,810

Total Expenses

$5,851

Mortgage P&I

209%

$3,790

Property Taxes

51%

$931

Home Insurance

14%

$262

HOA

0%

$0

Property Management

15%

$272

CapEx

4%

$72

Vacancy

0%

$0

Maintenance

4%

$72

Other

25%

$452

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