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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% first-year return on $72,306 initial cash invested.

-8%

Cash On Cash

4.42%

Cap Rate

0.71

DSCR

$2,381

Rent

-$482

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,381 income − $2,863 expenses = $482 out of pocket

Income$2,381Out of Pocket$482Mortgage P&I$1,34056%Property Taxes$29112%Insurance$904%Management$35715%CapEx$954%Maintenance$954%Other$59525%

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

$2,381

Total Expenses

$2,863

Mortgage P&I

56%

$1,340

Property Taxes

12%

$291

Home Insurance

4%

$90

HOA

0%

$0

Property Management

15%

$357

CapEx

4%

$95

Vacancy

0%

$0

Maintenance

4%

$95

Other

25%

$595

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