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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 -16.85% first-year return on $107k initial cash invested.

-16.85%

Cash On Cash

1.94%

Cap Rate

0.33

DSCR

$2,958

Rent

-$1,508

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,958 income − $4,466 expenses = $1,508 out of pocket

Income$2,958Out of Pocket$1,508Mortgage P&I$2,07870%Property Taxes$58320%Insurance$1455%HOA$2408%Management$44415%CapEx$1184%Maintenance$1184%Other$74025%

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

$2,958

Total Expenses

$4,466

Mortgage P&I

70%

$2,078

Property Taxes

20%

$583

Home Insurance

5%

$145

HOA

8%

$240

Property Management

15%

$444

CapEx

4%

$118

Vacancy

0%

$0

Maintenance

4%

$118

Other

25%

$740

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