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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 -12.73% first-year return on $119k initial cash invested.

-12.73%

Cash On Cash

3.04%

Cap Rate

0.52

DSCR

$3,278

Rent

-$1,258

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,278 income − $4,536 expenses = $1,258 out of pocket

Income$3,278Out of Pocket$1,258Mortgage P&I$2,33971%Property Taxes$45514%Insurance$1685%Management$49215%CapEx$1314%Maintenance$1314%Other$82025%

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

$3,278

Total Expenses

$4,536

Mortgage P&I

71%

$2,339

Property Taxes

14%

$455

Home Insurance

5%

$168

HOA

0%

$0

Property Management

15%

$492

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$820

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