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$5,984 (target)

2 Boothbay Dr, Cape May, NJ 08204

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Mid-Term investment with a projected -5.4% first-year return on $186k initial cash invested.

-5.4%

Cash On Cash

5.15%

Cap Rate

0.85

DSCR

$5,984

Rent

-$836

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,984 income − $6,820 expenses = $836 out of pocket

Income$5,984Out of Pocket$836Mortgage P&I$4,02667%Property Taxes$4808%Insurance$2805%Management$71812%CapEx$2394%Vacancy$1803%Maintenance$2394%Other$65811%

Investment Breakdown

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Purchase Price

$799k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$186k

Downpayment

20%

$160k

Closing costs

1%

$7,990

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,984

Total Expenses

$6,820

Mortgage P&I

67%

$4,026

Property Taxes

8%

$480

Home Insurance

5%

$280

HOA

0%

$0

Property Management

12%

$718

CapEx

4%

$239

Vacancy

3%

$180

Maintenance

4%

$239

Other

11%

$658

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