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1629 May St, Union, NJ 07083

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -14.03% first-year return on $134k initial cash invested.

-14.03%

Cash On Cash

2.77%

Cap Rate

0.47

DSCR

$3,892

Rent

-$1,561

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,892 income − $5,453 expenses = $1,561 out of pocket

Income$3,892Out of Pocket$1,561Mortgage P&I$2,67369%Property Taxes$71918%Insurance$1925%Management$58415%CapEx$1564%Maintenance$1564%Other$97325%

Investment Breakdown

|

Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,892

Total Expenses

$5,453

Mortgage P&I

69%

$2,673

Property Taxes

18%

$719

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$584

CapEx

4%

$156

Vacancy

0%

$0

Maintenance

4%

$156

Other

25%

$973

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