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261 Garfield Ave, Jersey City, NJ 07305

3 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -11.63% first-year return on $119k initial cash invested.

-11.63%

Cash On Cash

3.33%

Cap Rate

0.57

DSCR

$3,486

Rent

-$1,149

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,486 income − $4,635 expenses = $1,149 out of pocket

Income$3,486Out of Pocket$1,149Mortgage P&I$2,33967%Property Taxes$45513%Insurance$1685%Management$52315%CapEx$1394%Maintenance$1394%Other$87225%

Investment Breakdown

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Purchase Price

$479k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$95,800

Closing costs

1%

$4,790

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,486

Total Expenses

$4,635

Mortgage P&I

67%

$2,339

Property Taxes

13%

$455

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$523

CapEx

4%

$139

Vacancy

0%

$0

Maintenance

4%

$139

Other

25%

$872

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