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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 -23.84% first-year return on $202k initial cash invested.

-23.84%

Cash On Cash

0.41%

Cap Rate

0.07

DSCR

$2,156

Rent

-$4,016

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,156 income − $6,172 expenses = $4,016 out of pocket

Income$2,156Out of Pocket$4,016Mortgage P&I$4,233196%Property Taxes$59928%Insurance$30614%Management$32315%CapEx$864%Maintenance$864%Other$53925%

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

$2,156

Total Expenses

$6,172

Mortgage P&I

196%

$4,233

Property Taxes

28%

$599

Home Insurance

14%

$306

HOA

0%

$0

Property Management

15%

$323

CapEx

4%

$86

Vacancy

0%

$0

Maintenance

4%

$86

Other

25%

$539

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