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32 Steerage Way, Bayville, NJ 08721

3 beds • 4 baths • 2280 sqft

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This property looks like a bad Airbnb investment with a projected -18.61% first-year return on $187k initial cash invested.

-18.61%

Cash On Cash

1.91%

Cap Rate

0.32

DSCR

$4,717

Rent

-$2,901

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$805k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$187k

Downpayment

20%

$161k

Closing costs

1%

$8,052

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,717

Total Expenses

$7,618

Mortgage P&I

85%

$3,993

Property Taxes

23%

$1,089

Home Insurance

6%

$271

HOA

0%

$0

Property Management

15%

$708

CapEx

4%

$189

Vacancy

0%

$0

Maintenance

4%

$189

Other

25%

$1,179

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