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32 Cove Road W, Bayville, NJ 08721

3 beds • 3 baths • 2050 sqft

$1,019,600

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This property looks like a bad Airbnb investment with a projected -26.71% first-year return on $232k initial cash invested.

-26.71%

Cash On Cash

-0.07%

Cap Rate

-0.01

DSCR

$2,467

Rent

-$5,167

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,467 income − $7,634 expenses = $5,167 out of pocket

Income$2,467Out of Pocket$5,167Mortgage P&I$5,007203%Property Taxes$1,05743%Insurance$38516%Management$37015%CapEx$994%Maintenance$994%Other$61725%

Investment Breakdown

|

Purchase Price

$1020k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$232k

Downpayment

20%

$204k

Closing costs

1%

$10,196

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,467

Total Expenses

$7,634

Mortgage P&I

203%

$5,007

Property Taxes

43%

$1,057

Home Insurance

16%

$385

HOA

0%

$0

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$617

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