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548 Michigan Avenue, Brick, NJ 08724

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Airbnb investment with a projected -18.41% first-year return on $121k initial cash invested.

-18.41%

Cash On Cash

1.77%

Cap Rate

0.29

DSCR

$2,605

Rent

-$1,854

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,605 income − $4,459 expenses = $1,854 out of pocket

Income$2,605Out of Pocket$1,854Mortgage P&I$2,47395%Property Taxes$56422%Insurance$1727%Management$39115%CapEx$1044%Maintenance$1044%Other$65125%

Investment Breakdown

|

Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$97,980

Closing costs

1%

$4,899

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,605

Total Expenses

$4,459

Mortgage P&I

95%

$2,473

Property Taxes

22%

$564

Home Insurance

7%

$172

HOA

0%

$0

Property Management

15%

$391

CapEx

4%

$104

Vacancy

0%

$0

Maintenance

4%

$104

Other

25%

$651

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