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2021 Paterson Avenue, Whiting, NJ 08759

3 beds • 2 baths • 2260 sqft

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This property looks like a bad Airbnb investment with a projected -28.55% first-year return on $148k initial cash invested.

-28.55%

Cash On Cash

-0.1%

Cap Rate

-0.01

DSCR

$1,248

Rent

-$3,515

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,248 income − $4,763 expenses = $3,515 out of pocket

Income$1,248Out of Pocket$3,515Mortgage P&I$3,416274%Property Taxes$52842%Insurance$22018%Management$18715%CapEx$504%Maintenance$504%Other$31225%

Investment Breakdown

|

Purchase Price

$618k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,177

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$1,248

Total Expenses

$4,763

Mortgage P&I

274%

$3,416

Property Taxes

42%

$528

Home Insurance

18%

$220

HOA

0%

$0

Property Management

15%

$187

CapEx

4%

$50

Vacancy

0%

$0

Maintenance

4%

$50

Other

25%

$312

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