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21 Lewis Dr, Mays Landing, NJ 08330

3 beds • 3 baths • 2123 sqft

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This property looks like a bad Airbnb investment with a projected -16.22% first-year return on $107k initial cash invested.

-16.22%

Cash On Cash

2.11%

Cap Rate

0.36

DSCR

$3,068

Rent

-$1,451

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,068 income − $4,519 expenses = $1,451 out of pocket

Income$3,068Out of Pocket$1,451Mortgage P&I$2,07868%Property Taxes$58319%Insurance$1455%HOA$2408%Management$46015%CapEx$1234%Maintenance$1234%Other$76725%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,120

Closing costs

1%

$4,256

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,068

Total Expenses

$4,519

Mortgage P&I

68%

$2,078

Property Taxes

19%

$583

Home Insurance

5%

$145

HOA

8%

$240

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$767

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