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48 Lake Dr East, Wayne, NJ 07470

3 beds • 2 baths • sqft

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This property looks like a bad Airbnb investment with a projected -26.49% first-year return on $165k initial cash invested.

-26.49%

Cash On Cash

-0.19%

Cap Rate

-0.03

DSCR

$2,179

Rent

-$3,646

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,179 income − $5,825 expenses = $3,646 out of pocket

Income$2,179Out of Pocket$3,646Mortgage P&I$3,450158%Property Taxes$1,03547%Insurance$25412%HOA$402%Management$32715%CapEx$874%Maintenance$874%Other$54525%

Investment Breakdown

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Purchase Price

$701k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$7,007

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,179

Total Expenses

$5,825

Mortgage P&I

158%

$3,450

Property Taxes

48%

$1,035

Home Insurance

12%

$254

HOA

2%

$40

Property Management

15%

$327

CapEx

4%

$87

Vacancy

0%

$0

Maintenance

4%

$87

Other

25%

$545

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