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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 Long-Term investment with a projected -14.5% first-year return on $116k initial cash invested.

-14.5%

Cash On Cash

3.19%

Cap Rate

0.54

DSCR

$2,840

Rent

-$1,396

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

$116k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,840

Total Expenses

$4,236

Mortgage P&I

96%

$2,714

Property Taxes

21%

$592

Home Insurance

7%

$192

HOA

0%

$0

Property Management

10%

$284

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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