REI Lense

REI Lense

Unlock all features! Tap here to upgrade

224 W Main St, Millville, NJ 08332

3 beds • 2 baths • 2040 sqft

Email

This property looks like a bad Airbnb investment with a projected -7.42% first-year return on $76,779 initial cash invested.

-7.42%

Cash On Cash

4.4%

Cap Rate

0.74

DSCR

$2,697

Rent

-$475

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,697 income − $3,172 expenses = $475 out of pocket

Income$2,697Out of Pocket$475Mortgage P&I$1,39452%Property Taxes$38514%Insurance$984%Management$40515%CapEx$1084%Maintenance$1084%Other$67425%

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

$2,697

Total Expenses

$3,172

Mortgage P&I

52%

$1,394

Property Taxes

14%

$385

Home Insurance

4%

$98

HOA

0%

$0

Property Management

15%

$405

CapEx

4%

$108

Vacancy

0%

$0

Maintenance

4%

$108

Other

25%

$674

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis