REI Lense

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$2,747 (target)

107 Chesapeake Bay Ct, Atlantic City, NJ 08401

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Long-Term investment with a projected -3.64% first-year return on $66,675 initial cash invested.

-3.64%

Cash On Cash

6.33%

Cap Rate

0.96

DSCR

$2,747

Rent

-$202

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,747 income − $2,949 expenses = $202 out of pocket

Income$2,747Out of Pocket$202Mortgage P&I$1,73963%Property Taxes$38214%Insurance$1144%Management$27510%CapEx$1375%Vacancy$1656%Maintenance$1375%

Investment Breakdown

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Purchase Price

$318k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,675

Downpayment

20%

$63,500

Closing costs

1%

$3,175

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,747

Total Expenses

$2,949

Mortgage P&I

63%

$1,739

Property Taxes

14%

$382

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$275

CapEx

5%

$137

Vacancy

6%

$165

Maintenance

5%

$137

Other

0%

$0

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