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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 -12.38% first-year return on $118k initial cash invested.

-12.38%

Cash On Cash

3.26%

Cap Rate

0.55

DSCR

$3,510

Rent

-$1,215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,510 income − $4,725 expenses = $1,215 out of pocket

Income$3,510Out of Pocket$1,215Mortgage P&I$2,36767%Property Taxes$50814%Insurance$1665%Management$52615%CapEx$1404%Maintenance$1404%Other$87825%

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

$3,510

Total Expenses

$4,725

Mortgage P&I

67%

$2,367

Property Taxes

14%

$508

Home Insurance

5%

$166

HOA

0%

$0

Property Management

15%

$526

CapEx

4%

$140

Vacancy

0%

$0

Maintenance

4%

$140

Other

25%

$878

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