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17 Patrick St, Carteret, NJ 07008

3 beds • 2 baths • 1586 sqft

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This property looks like a bad Airbnb investment with a projected -23.76% first-year return on $130k initial cash invested.

-23.76%

Cash On Cash

0.93%

Cap Rate

0.14

DSCR

$2,332

Rent

-$2,578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,332 income − $4,910 expenses = $2,578 out of pocket

Income$2,332Out of Pocket$2,578Mortgage P&I$2,897124%Property Taxes$70230%Insurance$1928%Management$35015%CapEx$934%Maintenance$934%Other$58325%

Investment Breakdown

|

Purchase Price

$534k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,343

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,332

Total Expenses

$4,910

Mortgage P&I

124%

$2,897

Property Taxes

30%

$702

Home Insurance

8%

$192

HOA

0%

$0

Property Management

15%

$350

CapEx

4%

$93

Vacancy

0%

$0

Maintenance

4%

$93

Other

25%

$583

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