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974 Ridge Road, Brick, NJ 08724

3 beds • 3 baths • 2124 sqft

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This property looks like a bad Airbnb investment with a projected -22.67% first-year return on $159k initial cash invested.

-22.67%

Cash On Cash

0.86%

Cap Rate

0.14

DSCR

$2,986

Rent

-$3,006

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,986 income − $5,992 expenses = $3,006 out of pocket

Income$2,986Out of Pocket$3,006Mortgage P&I$3,368113%Property Taxes$95632%Insurance$2368%Management$44815%CapEx$1194%Maintenance$1194%Other$74625%

Investment Breakdown

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Purchase Price

$672k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$134k

Closing costs

1%

$6,721

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,986

Total Expenses

$5,992

Mortgage P&I

113%

$3,368

Property Taxes

32%

$956

Home Insurance

8%

$236

HOA

0%

$0

Property Management

15%

$448

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$746

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