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315-317 Meeker Ave, Newark, NJ 07112

4 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -11.48% first-year return on $140k initial cash invested.

-11.48%

Cash On Cash

3.37%

Cap Rate

0.57

DSCR

$4,160

Rent

-$1,334

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$4,160

Total Expenses

$5,494

Mortgage P&I

65%

$2,714

Property Taxes

14%

$592

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$624

CapEx

4%

$166

Vacancy

0%

$0

Maintenance

4%

$166

Other

25%

$1,040

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