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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 -17.51% first-year return on $115k initial cash invested.

-17.51%

Cash On Cash

2.06%

Cap Rate

0.34

DSCR

$2,848

Rent

-$1,684

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,848 income − $4,532 expenses = $1,684 out of pocket

Income$2,848Out of Pocket$1,684Mortgage P&I$2,36783%Property Taxes$64022%Insurance$1586%Management$42715%CapEx$1144%Maintenance$1144%Other$71225%

Investment Breakdown

|

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

$2,848

Total Expenses

$4,532

Mortgage P&I

83%

$2,367

Property Taxes

22%

$640

Home Insurance

6%

$158

HOA

0%

$0

Property Management

15%

$427

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$712

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