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398 Reading St, Pennington, NJ 08534

3 beds • 4 baths • 1805 sqft

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This property looks like a bad Airbnb investment with a projected -24.96% first-year return on $163k initial cash invested.

-24.96%

Cash On Cash

0.2%

Cap Rate

0.03

DSCR

$2,637

Rent

-$3,392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,637 income − $6,029 expenses = $3,392 out of pocket

Income$2,637Out of Pocket$3,392Mortgage P&I$3,401129%Property Taxes$1,12343%Insurance$2409%Management$39615%CapEx$1054%Maintenance$1054%Other$65925%

Investment Breakdown

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Purchase Price

$691k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,907

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,637

Total Expenses

$6,029

Mortgage P&I

129%

$3,401

Property Taxes

43%

$1,123

Home Insurance

9%

$240

HOA

0%

$0

Property Management

15%

$396

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$659

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