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42 Hanover Pl, Wayne, NJ 07470

3 beds • 3 baths • 1614 sqft

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This property looks like a bad Airbnb investment with a projected -27.9% first-year return on $165k initial cash invested.

-27.9%

Cash On Cash

-0.33%

Cap Rate

-0.05

DSCR

$2,030

Rent

-$3,832

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,030 income − $5,862 expenses = $3,832 out of pocket

Income$2,030Out of Pocket$3,832Mortgage P&I$3,556175%Property Taxes$1,08754%Insurance$24512%Management$30415%CapEx$814%Maintenance$814%Other$50825%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,030

Total Expenses

$5,862

Mortgage P&I

175%

$3,556

Property Taxes

54%

$1,087

Home Insurance

12%

$245

HOA

0%

$0

Property Management

15%

$304

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$508

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