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36 Melrose Ave, Newark, NJ 07106

4 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -4.71% first-year return on $97,500 initial cash invested.

-4.71%

Cash On Cash

5.1%

Cap Rate

0.86

DSCR

$3,582

Rent

-$383

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

7%

$24,000

Cashflow

Total Income

$3,582

Total Expenses

$3,965

Mortgage P&I

48%

$1,727

Property Taxes

11%

$397

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$537

CapEx

4%

$143

Vacancy

0%

$0

Maintenance

4%

$143

Other

25%

$896

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