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2225 E Main St, Millville, NJ 08332

3 beds • 2 baths • 1298 sqft

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This property looks like a bad Airbnb investment with a projected -7.19% first-year return on $90,093 initial cash invested.

-7.19%

Cash On Cash

4.46%

Cap Rate

0.75

DSCR

$3,109

Rent

-$540

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,109 income − $3,649 expenses = $540 out of pocket

Income$3,109Out of Pocket$540Mortgage P&I$1,69354%Property Taxes$34411%Insurance$1214%Management$46615%CapEx$1244%Maintenance$1244%Other$77725%

Investment Breakdown

|

Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,093

Downpayment

20%

$68,660

Closing costs

1%

$3,433

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,109

Total Expenses

$3,649

Mortgage P&I

54%

$1,693

Property Taxes

11%

$344

Home Insurance

4%

$121

HOA

0%

$0

Property Management

15%

$466

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$777

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