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36 Forest Rd, Andover, NJ 07821

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -15.65% first-year return on $123k initial cash invested.

-15.65%

Cash On Cash

2.48%

Cap Rate

0.41

DSCR

$3,674

Rent

-$1,607

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,674 income − $5,281 expenses = $1,607 out of pocket

Income$3,674Out of Pocket$1,607Mortgage P&I$2,49568%Property Taxes$84823%Insurance$1755%Management$55115%CapEx$1474%Maintenance$1474%Other$91825%

Investment Breakdown

|

Purchase Price

$501k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100k

Closing costs

1%

$5,011

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,674

Total Expenses

$5,281

Mortgage P&I

68%

$2,495

Property Taxes

23%

$848

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$551

CapEx

4%

$147

Vacancy

0%

$0

Maintenance

4%

$147

Other

25%

$918

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