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886-888 Degraw Ave, Newark, NJ 07104

4 beds • 4 baths • sqft

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This property looks like a bad Airbnb investment with a projected -22.31% first-year return on $150k initial cash invested.

-22.31%

Cash On Cash

0.57%

Cap Rate

0.1

DSCR

$3,000

Rent

-$2,789

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$600k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$150k

Downpayment

20%

$120k

Closing costs

1%

$6,000

Rehab

0%

$0

Furnishing

4%

$24,000

Cashflow

Total Income

$3,000

Total Expenses

$5,789

Mortgage P&I

99%

$2,955

Property Taxes

39%

$1,184

Home Insurance

7%

$210

HOA

0%

$0

Property Management

15%

$450

CapEx

4%

$120

Vacancy

0%

$0

Maintenance

4%

$120

Other

25%

$750

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Comparable Property

Rent

ADR

Beds

Baths

Distance

Huge 4BR/2Bath/Free Parking/NYC/ EWR/ MetLife

$4,307

$295

4

2

0.24 mi

Lovely 3BDRMS Near NYC, MetLife & American Dream!

$4,322

$296

3

2

0.47 mi

Spacious, Stylish + Mins EWR/NYC

$2,759

$189

3

2

0.48 mi

Spacious 3BR • Near NYC & EWR

$2,555

$175

3

2

0.53 mi

104 W Rancho Del Cerro

$2,500

$250

4

2

1.3 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

1255 S Forest Knoll St

$1,100

$110

2

1

0.9 mi

2022 S American St

$2,850

$285

5

4

0.6 mi

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