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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 -26.91% first-year return on $174k initial cash invested.

-26.91%

Cash On Cash

-0.06%

Cap Rate

-0.01

DSCR

$2,067

Rent

-$3,909

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,067 income − $5,976 expenses = $3,909 out of pocket

Income$2,067Out of Pocket$3,909Mortgage P&I$3,790183%Property Taxes$93145%Insurance$26213%Management$31015%CapEx$834%Maintenance$834%Other$51725%

Investment Breakdown

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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

$2,067

Total Expenses

$5,976

Mortgage P&I

183%

$3,790

Property Taxes

45%

$931

Home Insurance

13%

$262

HOA

0%

$0

Property Management

15%

$310

CapEx

4%

$83

Vacancy

0%

$0

Maintenance

4%

$83

Other

25%

$517

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