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$3,255 (target)

308 E Broad St, Millville, NJ 08332

3 beds • 2 baths • 2006 sqft

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This property could be a profitable Mid-Term investment with a projected 10.11% first-year return on $65,061 initial cash invested.

10.11%

Cash On Cash

10.3%

Cap Rate

1.54

DSCR

$3,255

Rent

$548

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,255 income − $2,707 expenses = $548 cash flow

Income$3,255Mortgage P&I$1,24638%Property Taxes$2779%Insurance$772%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35811%Cash Flow$548

Investment Breakdown

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Purchase Price

$224k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,061

Downpayment

20%

$44,820

Closing costs

1%

$2,241

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$3,255

Total Expenses

$2,707

Mortgage P&I

38%

$1,246

Property Taxes

9%

$277

Home Insurance

2%

$77

HOA

0%

$0

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$358

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