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2 Scenic Dr, Andover, NJ 07821

3 beds • 2 baths • 0 sqft

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This property looks like a bad Airbnb investment with a projected -18.13% first-year return on $115k initial cash invested.

-18.13%

Cash On Cash

1.9%

Cap Rate

0.31

DSCR

$2,733

Rent

-$1,743

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,733 income − $4,476 expenses = $1,743 out of pocket

Income$2,733Out of Pocket$1,743Mortgage P&I$2,36787%Property Taxes$64023%Insurance$1586%Management$41015%CapEx$1094%Maintenance$1094%Other$68325%

Investment Breakdown

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Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,740

Closing costs

1%

$4,637

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,733

Total Expenses

$4,476

Mortgage P&I

87%

$2,367

Property Taxes

23%

$640

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$410

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$683

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