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60 Pelican Drive, Bayville, NJ 08721

3 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -17.99% first-year return on $118k initial cash invested.

-17.99%

Cash On Cash

1.77%

Cap Rate

0.3

DSCR

$2,454

Rent

-$1,765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,454 income − $4,219 expenses = $1,765 out of pocket

Income$2,454Out of Pocket$1,765Mortgage P&I$2,36796%Property Taxes$50821%Insurance$1667%Management$36815%CapEx$984%Maintenance$984%Other$61425%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$118k

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,454

Total Expenses

$4,219

Mortgage P&I

96%

$2,367

Property Taxes

21%

$508

Home Insurance

7%

$166

HOA

0%

$0

Property Management

15%

$368

CapEx

4%

$98

Vacancy

0%

$0

Maintenance

4%

$98

Other

25%

$614

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