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707 Lakeshore Dr, Millville, NJ 08332

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Airbnb investment with a projected -8.6% first-year return on $72,306 initial cash invested.

-8.6%

Cash On Cash

4.25%

Cap Rate

0.68

DSCR

$2,314

Rent

-$518

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,314 income − $2,832 expenses = $518 out of pocket

Income$2,314Out of Pocket$518Mortgage P&I$1,34058%Property Taxes$29113%Insurance$904%Management$34715%CapEx$934%Maintenance$934%Other$57825%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,314

Total Expenses

$2,832

Mortgage P&I

58%

$1,340

Property Taxes

13%

$291

Home Insurance

4%

$90

HOA

0%

$0

Property Management

15%

$347

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$578

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