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62-64 Shephard Ave, Newark, NJ 07112

3 beds • 3 baths • sqft

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This property looks like a bad Airbnb investment with a projected -18.82% first-year return on $143k initial cash invested.

-18.82%

Cash On Cash

1.67%

Cap Rate

0.28

DSCR

$3,029

Rent

-$2,241

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,029 income − $5,270 expenses = $2,241 out of pocket

Income$3,029Out of Pocket$2,241Mortgage P&I$2,94697%Property Taxes$66822%Insurance$2037%Management$45415%CapEx$1214%Maintenance$1214%Other$75725%

Investment Breakdown

|

Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$119k

Closing costs

1%

$5,948

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,029

Total Expenses

$5,270

Mortgage P&I

97%

$2,946

Property Taxes

22%

$668

Home Insurance

7%

$203

HOA

0%

$0

Property Management

15%

$454

CapEx

4%

$121

Vacancy

0%

$0

Maintenance

4%

$121

Other

25%

$757

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