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$6,342 (target)

475 Channing Ave, Westfield, NJ 07090

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -11.88% first-year return on $214k initial cash invested.

-11.88%

Cash On Cash

3.96%

Cap Rate

0.62

DSCR

$6,342

Rent

-$2,119

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,342 income − $8,461 expenses = $2,119 out of pocket

Income$6,342Out of Pocket$2,119Mortgage P&I$4,94878%Property Taxes$1,05017%Insurance$3065%Management$76112%CapEx$2544%Vacancy$1903%Maintenance$2544%Other$69811%

Investment Breakdown

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Purchase Price

$934k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$214k

Downpayment

20%

$187k

Closing costs

1%

$9,337

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,342

Total Expenses

$8,461

Mortgage P&I

78%

$4,948

Property Taxes

17%

$1,050

Home Insurance

5%

$306

HOA

0%

$0

Property Management

12%

$761

CapEx

4%

$254

Vacancy

3%

$190

Maintenance

4%

$254

Other

11%

$698

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