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224 W Main St, Millville, NJ 08332

3 beds • 2 baths • 2040 sqft

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This property looks like a bad Airbnb investment with a projected -9.33% first-year return on $76,779 initial cash invested.

-9.33%

Cash On Cash

3.84%

Cap Rate

0.64

DSCR

$2,463

Rent

-$597

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,463 income − $3,060 expenses = $597 out of pocket

Income$2,463Out of Pocket$597Mortgage P&I$1,39457%Property Taxes$38516%Insurance$984%Management$36915%CapEx$994%Maintenance$994%Other$61625%

Investment Breakdown

|

Purchase Price

$280k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$76,779

Downpayment

20%

$55,980

Closing costs

1%

$2,799

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,463

Total Expenses

$3,060

Mortgage P&I

57%

$1,394

Property Taxes

16%

$385

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$369

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$616

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