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$4,809 (target)

330 Springfield Ave, Westfield, NJ 07090

3 beds • 3 baths • sqft

$1,131,100

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This property looks like a bad Long-Term investment with a projected -19.14% first-year return on $238k initial cash invested.

-19.14%

Cash On Cash

2.35%

Cap Rate

0.38

DSCR

$4,809

Rent

-$3,789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,809 income − $8,598 expenses = $3,789 out of pocket

Income$4,809Out of Pocket$3,789Mortgage P&I$5,764120%Property Taxes$1,19925%Insurance$3858%Management$48110%CapEx$2405%Vacancy$2896%Maintenance$2405%

Investment Breakdown

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Purchase Price

$1131k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$238k

Downpayment

20%

$226k

Closing costs

1%

$11,311

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,809

Total Expenses

$8,598

Mortgage P&I

120%

$5,764

Property Taxes

25%

$1,199

Home Insurance

8%

$385

HOA

0%

$0

Property Management

10%

$481

CapEx

5%

$240

Vacancy

6%

$289

Maintenance

5%

$240

Other

0%

$0

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