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303 Constitution Drive, Forked River, NJ 08731

3 beds • 2 baths • 1332 sqft

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This property looks like a bad Airbnb investment with a projected -10.16% first-year return on $107k initial cash invested.

-10.16%

Cash On Cash

3.93%

Cap Rate

0.64

DSCR

$3,412

Rent

-$906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,412 income − $4,318 expenses = $906 out of pocket

Income$3,412Out of Pocket$906Mortgage P&I$2,15663%Property Taxes$37611%Insurance$1494%Management$51215%CapEx$1364%Maintenance$1364%Other$85325%

Investment Breakdown

|

Purchase Price

$424k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,720

Closing costs

1%

$4,236

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,412

Total Expenses

$4,318

Mortgage P&I

63%

$2,156

Property Taxes

11%

$376

Home Insurance

4%

$149

HOA

0%

$0

Property Management

15%

$512

CapEx

4%

$136

Vacancy

0%

$0

Maintenance

4%

$136

Other

25%

$853

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