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24 Westgate Dr, Sparta, NJ 07871

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -17% first-year return on $145k initial cash invested.

-17%

Cash On Cash

2.43%

Cap Rate

0.39

DSCR

$4,183

Rent

-$2,048

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,183 income − $6,231 expenses = $2,048 out of pocket

Income$4,183Out of Pocket$2,048Mortgage P&I$3,10374%Property Taxes$90722%Insurance$2145%Management$62715%CapEx$1674%Maintenance$1674%Other$1,04625%

Investment Breakdown

|

Purchase Price

$603k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$121k

Closing costs

1%

$6,027

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,183

Total Expenses

$6,231

Mortgage P&I

74%

$3,103

Property Taxes

22%

$907

Home Insurance

5%

$214

HOA

0%

$0

Property Management

15%

$627

CapEx

4%

$167

Vacancy

0%

$0

Maintenance

4%

$167

Other

25%

$1,046

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