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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 -23.49% first-year return on $174k initial cash invested.

-23.49%

Cash On Cash

0.81%

Cap Rate

0.13

DSCR

$3,023

Rent

-$3,411

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,023 income − $6,434 expenses = $3,411 out of pocket

Income$3,023Out of Pocket$3,411Mortgage P&I$3,790125%Property Taxes$93131%Insurance$2629%Management$45315%CapEx$1214%Maintenance$1214%Other$75625%

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

$3,023

Total Expenses

$6,434

Mortgage P&I

125%

$3,790

Property Taxes

31%

$931

Home Insurance

9%

$262

HOA

0%

$0

Property Management

15%

$453

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$756

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