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315 Meeker Ave, Newark, NJ 07112

4 beds • 3 baths • 2591 sqft

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This property looks like a bad Long-Term investment with a projected -14.58% first-year return on $116k initial cash invested.

-14.58%

Cash On Cash

3.29%

Cap Rate

0.55

DSCR

$2,900

Rent

-$1,403

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

6.5%

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

$2,900

Total Expenses

$4,303

Mortgage P&I

95%

$2,765

Property Taxes

20%

$592

Home Insurance

7%

$192

HOA

0%

$0

Property Management

10%

$290

CapEx

5%

$145

Vacancy

6%

$174

Maintenance

5%

$145

Other

0%

$0

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