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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 -18.14% first-year return on $121k initial cash invested.

-18.14%

Cash On Cash

1.84%

Cap Rate

0.3

DSCR

$2,657

Rent

-$1,827

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,657 income − $4,484 expenses = $1,827 out of pocket

Income$2,657Out of Pocket$1,827Mortgage P&I$2,47393%Property Taxes$56421%Insurance$1726%Management$39915%CapEx$1064%Maintenance$1064%Other$66425%

Investment Breakdown

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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

$2,657

Total Expenses

$4,484

Mortgage P&I

93%

$2,473

Property Taxes

21%

$564

Home Insurance

6%

$172

HOA

0%

$0

Property Management

15%

$399

CapEx

4%

$106

Vacancy

0%

$0

Maintenance

4%

$106

Other

25%

$664

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