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615 Beach Blvd, Forked River, NJ 08731

3 beds • 2 baths • 1180 sqft

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This property looks like a bad Airbnb investment with a projected -10.59% first-year return on $112k initial cash invested.

-10.59%

Cash On Cash

3.71%

Cap Rate

0.62

DSCR

$3,524

Rent

-$993

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,524 income − $4,517 expenses = $993 out of pocket

Income$3,524Out of Pocket$993Mortgage P&I$2,24264%Property Taxes$42512%Insurance$1584%Management$52915%CapEx$1414%Maintenance$1414%Other$88125%

Investment Breakdown

|

Purchase Price

$450k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,980

Closing costs

1%

$4,499

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,524

Total Expenses

$4,517

Mortgage P&I

64%

$2,242

Property Taxes

12%

$425

Home Insurance

4%

$158

HOA

0%

$0

Property Management

15%

$529

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$881

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