REI Lense

REI Lense

Unlock all features! Tap here to upgrade

296 Montclair Ave, Newark, NJ 07104

3 beds • 3 baths • sqft

Email

This property looks like a bad Airbnb investment with a projected -23.44% first-year return on $202k initial cash invested.

-23.44%

Cash On Cash

0.52%

Cap Rate

0.09

DSCR

$2,290

Rent

-$3,948

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,290 income − $6,238 expenses = $3,948 out of pocket

Income$2,290Out of Pocket$3,948Mortgage P&I$4,233185%Property Taxes$59926%Insurance$30613%Management$34415%CapEx$924%Maintenance$924%Other$57225%

Investment Breakdown

|

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

$2,290

Total Expenses

$6,238

Mortgage P&I

185%

$4,233

Property Taxes

26%

$599

Home Insurance

13%

$306

HOA

0%

$0

Property Management

15%

$344

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$572

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis