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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 -7.79% first-year return on $97,989 initial cash invested.

-7.79%

Cash On Cash

4.55%

Cap Rate

0.74

DSCR

$3,257

Rent

-$636

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,257 income − $3,893 expenses = $636 out of pocket

Income$3,257Out of Pocket$636Mortgage P&I$1,95160%Property Taxes$3009%Insurance$792%Management$48915%CapEx$1304%Maintenance$1304%Other$81425%

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

$3,257

Total Expenses

$3,893

Mortgage P&I

60%

$1,951

Property Taxes

9%

$300

Home Insurance

2%

$79

HOA

0%

$0

Property Management

15%

$489

CapEx

4%

$130

Vacancy

0%

$0

Maintenance

4%

$130

Other

25%

$814

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