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1615 State Route 71, Belmar, NJ 07719

3 beds • 2 baths • 932 sqft

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This property looks like a bad Mid-Term investment with a projected -4.83% first-year return on $141k initial cash invested.

-4.83%

Cash On Cash

5%

Cap Rate

0.86

DSCR

$4,602

Rent

-$569

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$588k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$118k

Closing costs

1%

$5,878

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,602

Total Expenses

$5,171

Mortgage P&I

62%

$2,833

Property Taxes

12%

$529

Home Insurance

5%

$245

HOA

0%

$0

Property Management

12%

$552

CapEx

4%

$184

Vacancy

3%

$138

Maintenance

4%

$184

Other

11%

$506

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