REI Lense

REI Lense

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$2,685 (target)

104 N Vermont Ave, Atlantic City, NJ 08401

3 beds • 3 baths • 1392 sqft

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This property might be a fair Long-Term investment with a projected 2.33% first-year return on $56,233 initial cash invested.

2.33%

Cash On Cash

7.2%

Cap Rate

1.18

DSCR

$2,685

Rent

$109

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,685 income − $2,576 expenses = $109 cash flow

Income$2,685Mortgage P&I$1,36351%Property Taxes$42216%Insurance$944%Management$26810%CapEx$1345%Vacancy$1616%Maintenance$1345%Cash Flow$109

Investment Breakdown

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Purchase Price

$268k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$56,233

Downpayment

20%

$53,555

Closing costs

1%

$2,678

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,685

Total Expenses

$2,576

Mortgage P&I

51%

$1,363

Property Taxes

16%

$422

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$268

CapEx

5%

$134

Vacancy

6%

$161

Maintenance

5%

$134

Other

0%

$0

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