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968 Carmel Rd, Millville, NJ 08332

3 beds • 3 baths • 1931 sqft

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This property looks like a bad Airbnb investment with a projected -20.14% first-year return on $112k initial cash invested.

-20.14%

Cash On Cash

1.17%

Cap Rate

0.2

DSCR

$2,188

Rent

-$1,881

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,188 income − $4,069 expenses = $1,881 out of pocket

Income$2,188Out of Pocket$1,881Mortgage P&I$2,231102%Property Taxes$61428%Insurance$1738%Management$32815%CapEx$884%Maintenance$884%Other$54725%

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,600

Closing costs

1%

$4,480

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,188

Total Expenses

$4,069

Mortgage P&I

102%

$2,231

Property Taxes

28%

$614

Home Insurance

8%

$173

HOA

0%

$0

Property Management

15%

$328

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$547

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