REI Lense

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$6,756 (target)

10 Lovelock Lane, Forked River, NJ 08731

3 beds • 3 baths • 2831 sqft

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This property looks like a bad Mid-Term investment with a projected -8.6% first-year return on $194k initial cash invested.

-8.6%

Cash On Cash

4.53%

Cap Rate

0.74

DSCR

$6,756

Rent

-$1,389

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,756 income − $8,145 expenses = $1,389 out of pocket

Income$6,756Out of Pocket$1,389Mortgage P&I$4,28163%Property Taxes$98515%Insurance$2974%HOA$2854%Management$81112%CapEx$2704%Vacancy$2033%Maintenance$2704%Other$74311%

Investment Breakdown

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Purchase Price

$838k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$194k

Downpayment

20%

$168k

Closing costs

1%

$8,377

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,756

Total Expenses

$8,145

Mortgage P&I

63%

$4,281

Property Taxes

15%

$985

Home Insurance

4%

$297

HOA

4%

$285

Property Management

12%

$811

CapEx

4%

$270

Vacancy

3%

$203

Maintenance

4%

$270

Other

11%

$743

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