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$2,818 (target)

1135 Washington St, Cape May, NJ 08204

3 beds • 2 baths • 1741 sqft

$1,719,900

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This property looks like a bad Long-Term investment with a projected -28.54% first-year return on $361k initial cash invested.

-28.54%

Cash On Cash

0.82%

Cap Rate

0.12

DSCR

$2,818

Rent

-$8,589

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,818 income − $11,407 expenses = $8,589 out of pocket

Income$2,818Out of Pocket$8,589Mortgage P&I$9,625342%Property Taxes$41915%Insurance$63022%Management$28210%CapEx$1415%Vacancy$1696%Maintenance$1415%

Investment Breakdown

|

Purchase Price

$1720k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$361k

Downpayment

20%

$344k

Closing costs

1%

$17,199

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,818

Total Expenses

$11,407

Mortgage P&I

342%

$9,625

Property Taxes

15%

$419

Home Insurance

22%

$630

HOA

0%

$0

Property Management

10%

$282

CapEx

5%

$141

Vacancy

6%

$169

Maintenance

5%

$141

Other

0%

$0

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