REI Lense

REI Lense

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$3,705 (target)

1 Devonshire Ct, Mount Laurel, NJ 08054

3 beds • 3 baths • 2380 sqft

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This property looks like a bad Long-Term investment with a projected -11.85% first-year return on $126k initial cash invested.

-11.85%

Cash On Cash

3.89%

Cap Rate

0.65

DSCR

$3,705

Rent

-$1,242

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,705 income − $4,947 expenses = $1,242 out of pocket

Income$3,705Out of Pocket$1,242Mortgage P&I$2,99981%Property Taxes$77621%Insurance$2106%Management$37010%CapEx$1855%Vacancy$2226%Maintenance$1855%

Investment Breakdown

|

Purchase Price

$599k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,991

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,705

Total Expenses

$4,947

Mortgage P&I

81%

$2,999

Property Taxes

21%

$776

Home Insurance

6%

$210

HOA

0%

$0

Property Management

10%

$370

CapEx

5%

$185

Vacancy

6%

$222

Maintenance

5%

$185

Other

0%

$0

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