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438 Lock Ave, Gibbstown, NJ 08027

3 beds • 2 baths • 1332 sqft

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This property looks like a bad Airbnb investment with a projected -16.8% first-year return on $88,497 initial cash invested.

-16.8%

Cash On Cash

1.7%

Cap Rate

0.29

DSCR

$1,883

Rent

-$1,239

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,883 income − $3,122 expenses = $1,239 out of pocket

Income$1,883Out of Pocket$1,239Mortgage P&I$1,64087%Property Taxes$46325%Insurance$1166%Management$28215%CapEx$754%Maintenance$754%Other$47125%

Investment Breakdown

|

Purchase Price

$336k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,497

Downpayment

20%

$67,140

Closing costs

1%

$3,357

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$1,883

Total Expenses

$3,122

Mortgage P&I

87%

$1,640

Property Taxes

25%

$463

Home Insurance

6%

$116

HOA

0%

$0

Property Management

15%

$282

CapEx

4%

$75

Vacancy

0%

$0

Maintenance

4%

$75

Other

25%

$471

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