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116 Rieck Ave, Millville, NJ 08332

3 beds • 2 baths • 962 sqft

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This property looks like a bad Long-Term investment with a projected -7.9% first-year return on $61,068 initial cash invested.

-7.9%

Cash On Cash

4.63%

Cap Rate

0.79

DSCR

$2,045

Rent

-$402

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$291k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$61,068

Downpayment

20%

$58,160

Closing costs

1%

$2,908

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,045

Total Expenses

$2,447

Mortgage P&I

69%

$1,421

Property Taxes

20%

$399

Home Insurance

5%

$96

HOA

0%

$0

Property Management

10%

$204

CapEx

5%

$102

Vacancy

6%

$123

Maintenance

5%

$102

Other

0%

$0

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