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50 Serpentine Drive E, Bayville, NJ 08721

3 beds • 2 baths • 1607 sqft

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This property looks like a bad Airbnb investment with a projected -18.13% first-year return on $118k initial cash invested.

-18.13%

Cash On Cash

1.89%

Cap Rate

0.31

DSCR

$2,553

Rent

-$1,790

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,553 income − $4,343 expenses = $1,790 out of pocket

Income$2,553Out of Pocket$1,790Mortgage P&I$2,44296%Property Taxes$51020%Insurance$1667%Management$38315%CapEx$1024%Maintenance$1024%Other$63825%

Investment Breakdown

|

Purchase Price

$478k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,680

Closing costs

1%

$4,784

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,553

Total Expenses

$4,343

Mortgage P&I

96%

$2,442

Property Taxes

20%

$510

Home Insurance

7%

$166

HOA

0%

$0

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$638

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