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296 Montclair Ave, Newark, NJ 07104

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -23.67% first-year return on $202k initial cash invested.

-23.67%

Cash On Cash

0.46%

Cap Rate

0.08

DSCR

$2,212

Rent

-$3,987

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$877k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$202k

Downpayment

20%

$175k

Closing costs

1%

$8,768

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,212

Total Expenses

$6,199

Mortgage P&I

191%

$4,233

Property Taxes

27%

$599

Home Insurance

14%

$306

HOA

0%

$0

Property Management

15%

$332

CapEx

4%

$88

Vacancy

0%

$0

Maintenance

4%

$88

Other

25%

$553

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