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410 Portsmouth Rd, Cape May, NJ 08204

3 beds • 2 baths • 1902 sqft

$1,342,600

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This property looks like a bad Airbnb investment with a projected -24.18% first-year return on $300k initial cash invested.

-24.18%

Cash On Cash

0.91%

Cap Rate

0.15

DSCR

$3,998

Rent

-$6,043

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,998 income − $10,041 expenses = $6,043 out of pocket

Income$3,998Out of Pocket$6,043Mortgage P&I$6,902173%Property Taxes$73118%Insurance$48812%Management$60015%CapEx$1604%Maintenance$1604%Other$1,00025%

Investment Breakdown

|

Purchase Price

$1343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$300k

Downpayment

20%

$269k

Closing costs

1%

$13,426

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$3,998

Total Expenses

$10,041

Mortgage P&I

173%

$6,902

Property Taxes

18%

$731

Home Insurance

12%

$488

HOA

0%

$0

Property Management

15%

$600

CapEx

4%

$160

Vacancy

0%

$0

Maintenance

4%

$160

Other

25%

$1,000

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