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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 -16.58% first-year return on $145k initial cash invested.

-16.58%

Cash On Cash

2.54%

Cap Rate

0.41

DSCR

$4,281

Rent

-$1,997

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,281 income − $6,278 expenses = $1,997 out of pocket

Income$4,281Out of Pocket$1,997Mortgage P&I$3,10372%Property Taxes$90721%Insurance$2145%Management$64215%CapEx$1714%Maintenance$1714%Other$1,07025%

Investment Breakdown

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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

$4,281

Total Expenses

$6,278

Mortgage P&I

72%

$3,103

Property Taxes

21%

$907

Home Insurance

5%

$214

HOA

0%

$0

Property Management

15%

$642

CapEx

4%

$171

Vacancy

0%

$0

Maintenance

4%

$171

Other

25%

$1,070

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