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$3,185 (target)

92 Myrtle Ave, Jersey City, NJ 07305

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -14.22% first-year return on $114k initial cash invested.

-14.22%

Cash On Cash

3.56%

Cap Rate

0.57

DSCR

$3,185

Rent

-$1,349

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,185 income − $4,534 expenses = $1,349 out of pocket

Income$3,185Out of Pocket$1,349Mortgage P&I$2,79988%Property Taxes$71923%Insurance$1896%Management$31810%CapEx$1595%Vacancy$1916%Maintenance$1595%

Investment Breakdown

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Purchase Price

$542k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$114k

Downpayment

20%

$108k

Closing costs

1%

$5,420

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,185

Total Expenses

$4,534

Mortgage P&I

88%

$2,799

Property Taxes

23%

$719

Home Insurance

6%

$189

HOA

0%

$0

Property Management

10%

$318

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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