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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 Long-Term investment with a projected -5.6% first-year return on $73,500 initial cash invested.

-5.6%

Cash On Cash

5.18%

Cap Rate

0.88

DSCR

$2,570

Rent

-$343

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

$73,500

Downpayment

20%

$70,000

Closing costs

1%

$3,500

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,570

Total Expenses

$2,913

Mortgage P&I

67%

$1,727

Property Taxes

15%

$397

Home Insurance

5%

$122

HOA

0%

$0

Property Management

10%

$257

CapEx

5%

$128

Vacancy

6%

$154

Maintenance

5%

$128

Other

0%

$0

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Comparable Property

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$2,850

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