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16 Miller St, Jersey City, NJ 07304

6 beds • 3 baths • sqft • 4 units

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This property looks like a bad Airbnb investment with a projected -5.57% first-year return on $187k initial cash invested.

-5.57%

Cash On Cash

5.03%

Cap Rate

0.84

DSCR

$6,796

Rent

-$866

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,796 income − $7,662 expenses = $866 out of pocket

Income$6,796Out of Pocket$866Mortgage P&I$3,60153%Property Taxes$5548%Insurance$2454%Management$1,01915%CapEx$2724%Maintenance$2724%Other$1,69925%

Investment Breakdown

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Purchase Price

$717k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$187k

Downpayment

20%

$143k

Closing costs

1%

$7,172

Rehab

0%

$0

Furnishing

5%

$36,000

Cashflow

Total Income

$6,796

Total Expenses

$7,662

Mortgage P&I

53%

$3,601

Property Taxes

8%

$554

Home Insurance

4%

$245

HOA

0%

$0

Property Management

15%

$1,019

CapEx

4%

$272

Vacancy

0%

$0

Maintenance

4%

$272

Other

25%

$1,699

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