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288 E Miami Ave, Villas, NJ 08251

3 beds • 2 baths • 1248 sqft

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This property looks like a bad Airbnb investment with a projected -8.28% first-year return on $97,989 initial cash invested.

-8.28%

Cash On Cash

4.42%

Cap Rate

0.72

DSCR

$3,180

Rent

-$676

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,180 income − $3,856 expenses = $676 out of pocket

Income$3,180Out of Pocket$676Mortgage P&I$1,95161%Property Taxes$3009%Insurance$792%Management$47715%CapEx$1274%Maintenance$1274%Other$79525%

Investment Breakdown

|

Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,989

Downpayment

20%

$76,180

Closing costs

1%

$3,809

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,180

Total Expenses

$3,856

Mortgage P&I

61%

$1,951

Property Taxes

9%

$300

Home Insurance

2%

$79

HOA

0%

$0

Property Management

15%

$477

CapEx

4%

$127

Vacancy

0%

$0

Maintenance

4%

$127

Other

25%

$795

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