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304 Terrace Ave, Jersey City, NJ 07307

2 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -17.7% first-year return on $159k initial cash invested.

-17.7%

Cash On Cash

2.38%

Cap Rate

0.39

DSCR

$4,151

Rent

-$2,342

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

2%

$12,000

Cashflow

Total Income

$4,151

Total Expenses

$6,493

Mortgage P&I

86%

$3,561

Property Taxes

17%

$694

Home Insurance

6%

$245

HOA

0%

$0

Property Management

15%

$623

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,038

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