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528 Pitman Ave, Pitman, NJ 08071

3 beds • 2 baths • 1193 sqft

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This property looks like a bad Airbnb investment with a projected -8% first-year return on $108k initial cash invested.

-8%

Cash On Cash

4.66%

Cap Rate

0.76

DSCR

$4,669

Rent

-$720

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,669 income − $5,389 expenses = $720 out of pocket

Income$4,669Out of Pocket$720Mortgage P&I$2,19747%Property Taxes$81117%Insurance$1403%Management$70015%CapEx$1874%Maintenance$1874%Other$1,16725%

Investment Breakdown

|

Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$108k

Downpayment

20%

$85,680

Closing costs

1%

$4,284

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,669

Total Expenses

$5,389

Mortgage P&I

47%

$2,197

Property Taxes

17%

$811

Home Insurance

3%

$140

HOA

0%

$0

Property Management

15%

$700

CapEx

4%

$187

Vacancy

0%

$0

Maintenance

4%

$187

Other

25%

$1,167

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