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217 Garfield Ave, Cherry Hill, NJ 08002

3 beds • 3 baths • 1718 sqft

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This property looks like a bad Airbnb investment with a projected -4.81% first-year return on $106k initial cash invested.

-4.81%

Cash On Cash

5.43%

Cap Rate

0.9

DSCR

$5,129

Rent

-$424

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,129 income − $5,553 expenses = $424 out of pocket

Income$5,129Out of Pocket$424Mortgage P&I$2,10941%Property Taxes$80816%Insurance$1753%Management$76915%CapEx$2054%Maintenance$2054%Other$1,28225%

Investment Breakdown

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Purchase Price

$418k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,520

Closing costs

1%

$4,176

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,129

Total Expenses

$5,553

Mortgage P&I

41%

$2,109

Property Taxes

16%

$808

Home Insurance

3%

$175

HOA

0%

$0

Property Management

15%

$769

CapEx

4%

$205

Vacancy

0%

$0

Maintenance

4%

$205

Other

25%

$1,282

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