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403 Lorraine Place, Brick, NJ 08724

3 beds • 2 baths • 1849 sqft

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This property looks like a bad Airbnb investment with a projected -21.85% first-year return on $131k initial cash invested.

-21.85%

Cash On Cash

0.87%

Cap Rate

0.15

DSCR

$2,170

Rent

-$2,394

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,170 income − $4,564 expenses = $2,394 out of pocket

Income$2,170Out of Pocket$2,394Mortgage P&I$2,700124%Property Taxes$60328%Insurance$21910%Management$32615%CapEx$874%Maintenance$874%Other$54225%

Investment Breakdown

|

Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,403

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,170

Total Expenses

$4,564

Mortgage P&I

124%

$2,700

Property Taxes

28%

$603

Home Insurance

10%

$219

HOA

0%

$0

Property Management

15%

$326

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$542

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