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507 Howard Rd, Cherry Hill, NJ 08034

3 beds • 3 baths • 2397 sqft

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This property looks like a bad Airbnb investment with a projected -18.07% first-year return on $134k initial cash invested.

-18.07%

Cash On Cash

1.94%

Cap Rate

0.32

DSCR

$3,972

Rent

-$2,010

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,972 income − $5,982 expenses = $2,010 out of pocket

Income$3,972Out of Pocket$2,010Mortgage P&I$2,74269%Property Taxes$1,14129%Insurance$1925%Management$59615%CapEx$1594%Maintenance$1594%Other$99325%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,972

Total Expenses

$5,982

Mortgage P&I

69%

$2,742

Property Taxes

29%

$1,141

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$596

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$993

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