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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 Airbnb investment with a projected -11.75% first-year return on $140k initial cash invested.

-11.75%

Cash On Cash

3.42%

Cap Rate

0.57

DSCR

$4,199

Rent

-$1,366

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

$140k

Downpayment

20%

$110k

Closing costs

1%

$5,500

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$4,199

Total Expenses

$5,565

Mortgage P&I

66%

$2,765

Property Taxes

14%

$592

Home Insurance

5%

$192

HOA

0%

$0

Property Management

15%

$630

CapEx

4%

$168

Vacancy

0%

$0

Maintenance

4%

$168

Other

25%

$1,050

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