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73 George St, Carteret, NJ 07008

3 beds • 2 baths • 1197 sqft

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This property looks like a bad Airbnb investment with a projected -16.98% first-year return on $141k initial cash invested.

-16.98%

Cash On Cash

2.32%

Cap Rate

0.38

DSCR

$3,532

Rent

-$1,988

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,532 income − $5,520 expenses = $1,988 out of pocket

Income$3,532Out of Pocket$1,988Mortgage P&I$2,97584%Property Taxes$64918%Insurance$2016%Management$53015%CapEx$1414%Maintenance$1414%Other$88325%

Investment Breakdown

|

Purchase Price

$583k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$117k

Closing costs

1%

$5,834

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,532

Total Expenses

$5,520

Mortgage P&I

84%

$2,975

Property Taxes

18%

$649

Home Insurance

6%

$201

HOA

0%

$0

Property Management

15%

$530

CapEx

4%

$141

Vacancy

0%

$0

Maintenance

4%

$141

Other

25%

$883

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