REI Lense

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$4,284 (target)

1203 Emerson Ave, Cape May, NJ 08204

3 beds • 3 baths • 1420 sqft

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This property looks like a bad Mid-Term investment with a projected -15.5% first-year return on $202k initial cash invested.

-15.5%

Cash On Cash

3.08%

Cap Rate

0.48

DSCR

$4,284

Rent

-$2,609

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,284 income − $6,893 expenses = $2,609 out of pocket

Income$4,284Out of Pocket$2,609Mortgage P&I$4,688109%Property Taxes$43410%Insurance$3157%Management$51412%CapEx$1714%Vacancy$1293%Maintenance$1714%Other$47111%

Investment Breakdown

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Purchase Price

$876k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$202k

Downpayment

20%

$175k

Closing costs

1%

$8,763

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,284

Total Expenses

$6,893

Mortgage P&I

109%

$4,688

Property Taxes

10%

$434

Home Insurance

7%

$315

HOA

0%

$0

Property Management

12%

$514

CapEx

4%

$171

Vacancy

3%

$129

Maintenance

4%

$171

Other

11%

$471

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