REI Lense

REI Lense

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Target property

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 -29.34% first-year return on $76,779 initial cash invested.

-29.34%

Cash On Cash

-2.07%

Cap Rate

-0.35

DSCR

$0

Rent

-$1,877

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$0 income − $1,877 expenses = $1,877 out of pocket

Income$0Out of Pocket$1,877Mortgage P&I$1,394Property Taxes$385Insurance$98

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

$0

Total Expenses

$1,877

Mortgage P&I

13940000%

$1,394

Property Taxes

3850000%

$385

Home Insurance

980000%

$98

HOA

0%

$0

Property Management

0%

$0

CapEx

0%

$0

Vacancy

0%

$0

Maintenance

0%

$0

Other

0%

$0

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