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$3,267 (target)

42 Passaic Ave #2, Jersey City, NJ 07307

1 beds • 1 baths • sqft • 2 units

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This property looks like a bad Mid-Term investment with a projected -1.79% first-year return on $138k initial cash invested.

-1.79%

Cash On Cash

6.7%

Cap Rate

1.02

DSCR

$6,534

Rent

-$205

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,534 income − $6,739 expenses = $205 out of pocket

Income$6,534Out of Pocket$205Mortgage P&I$3,44653%Property Taxes$85213%Insurance$2203%Management$78412%CapEx$2614%Vacancy$1963%Maintenance$2614%Other$71911%

Investment Breakdown

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Purchase Price

$628k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$126k

Closing costs

1%

$6,276

Rehab

0%

$0

Furnishing

1%

$6,000

Cashflow

Total Income

$6,534

Total Expenses

$6,739

Mortgage P&I

53%

$3,446

Property Taxes

13%

$852

Home Insurance

3%

$220

HOA

0%

$0

Property Management

12%

$784

CapEx

4%

$261

Vacancy

3%

$196

Maintenance

4%

$261

Other

11%

$719

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