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$2,476 (target)

16 Miller St, Jersey City, NJ 07304

6 beds • 3 baths • sqft • 4 units

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This property could be a profitable Long-Term investment with a projected 23.34% first-year return on $151k initial cash invested.

23.34%

Cash On Cash

11.76%

Cap Rate

1.95

DSCR

$9,904

Rent

$2,930

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$9,904 income − $6,974 expenses = $2,930 cash flow

Income$9,904Mortgage P&I$3,60136%Property Taxes$5546%Insurance$2452%Management$99010%CapEx$4955%Vacancy$5946%Maintenance$4955%Cash Flow$2,930

Investment Breakdown

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Purchase Price

$717k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$151k

Downpayment

20%

$143k

Closing costs

1%

$7,172

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$9,904

Total Expenses

$6,974

Mortgage P&I

36%

$3,601

Property Taxes

6%

$554

Home Insurance

2%

$245

HOA

0%

$0

Property Management

10%

$990

CapEx

5%

$495

Vacancy

6%

$594

Maintenance

5%

$495

Other

0%

$0

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