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$4,880 (target)

3955 Bayshore Rd, Cape May, NJ 08204

3 beds • 3 baths • 1544 sqft

$1,400,000

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This property looks like a bad Mid-Term investment with a projected -19.75% first-year return on $312k initial cash invested.

-19.75%

Cash On Cash

1.93%

Cap Rate

0.31

DSCR

$4,880

Rent

-$5,136

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,880 income − $10,016 expenses = $5,136 out of pocket

Income$4,880Out of Pocket$5,136Mortgage P&I$7,197147%Property Taxes$67014%Insurance$49010%Management$58612%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53711%

Investment Breakdown

|

Purchase Price

$1400k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$312k

Downpayment

20%

$280k

Closing costs

1%

$14,000

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$4,880

Total Expenses

$10,016

Mortgage P&I

147%

$7,197

Property Taxes

14%

$670

Home Insurance

10%

$490

HOA

0%

$0

Property Management

12%

$586

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$537

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