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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 -24.22% first-year return on $207k initial cash invested.

-24.22%

Cash On Cash

0.35%

Cap Rate

0.06

DSCR

$2,511

Rent

-$4,173

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,511 income − $6,684 expenses = $4,173 out of pocket

Income$2,511Out of Pocket$4,173Mortgage P&I$4,332173%Property Taxes$83233%Insurance$31513%Management$37715%CapEx$1004%Maintenance$1004%Other$62825%

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

$2,511

Total Expenses

$6,684

Mortgage P&I

173%

$4,332

Property Taxes

33%

$832

Home Insurance

13%

$315

HOA

0%

$0

Property Management

15%

$377

CapEx

4%

$100

Vacancy

0%

$0

Maintenance

4%

$100

Other

25%

$628

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