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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 -20.4% first-year return on $143k initial cash invested.

-20.4%

Cash On Cash

1.26%

Cap Rate

0.21

DSCR

$2,669

Rent

-$2,429

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,669 income − $5,098 expenses = $2,429 out of pocket

Income$2,669Out of Pocket$2,429Mortgage P&I$2,946110%Property Taxes$66825%Insurance$2038%Management$40015%CapEx$1074%Maintenance$1074%Other$66725%

Investment Breakdown

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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

$2,669

Total Expenses

$5,098

Mortgage P&I

110%

$2,946

Property Taxes

25%

$668

Home Insurance

8%

$203

HOA

0%

$0

Property Management

15%

$400

CapEx

4%

$107

Vacancy

0%

$0

Maintenance

4%

$107

Other

25%

$667

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