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513 Grove Ave, Edison, NJ 08820

3 beds • 2 baths • 1040 sqft

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This property looks like a bad Airbnb investment with a projected -23.22% first-year return on $207k initial cash invested.

-23.22%

Cash On Cash

0.59%

Cap Rate

0.1

DSCR

$2,842

Rent

-$4,001

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,842 income − $6,843 expenses = $4,001 out of pocket

Income$2,842Out of Pocket$4,001Mortgage P&I$4,332152%Property Taxes$83229%Insurance$31511%Management$42615%CapEx$1144%Maintenance$1144%Other$71025%

Investment Breakdown

|

Purchase Price

$899k

Downpayment

20.0%

Interest Rate

6.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$207k

Downpayment

20%

$180k

Closing costs

1%

$8,990

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$2,842

Total Expenses

$6,843

Mortgage P&I

152%

$4,332

Property Taxes

29%

$832

Home Insurance

11%

$315

HOA

0%

$0

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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