REI Lense

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$2,856 (target)

1203 Emerson Ave, Cape May, NJ 08204

3 beds • 3 baths • 1420 sqft

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This property looks like a bad Long-Term investment with a projected -21.68% first-year return on $184k initial cash invested.

-21.68%

Cash On Cash

2.06%

Cap Rate

0.32

DSCR

$2,856

Rent

-$3,324

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,856 income − $6,180 expenses = $3,324 out of pocket

Income$2,856Out of Pocket$3,324Mortgage P&I$4,688164%Property Taxes$43415%Insurance$31511%Management$28610%CapEx$1435%Vacancy$1716%Maintenance$1435%

Investment Breakdown

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Purchase Price

$876k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$184k

Downpayment

20%

$175k

Closing costs

1%

$8,763

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,856

Total Expenses

$6,180

Mortgage P&I

164%

$4,688

Property Taxes

15%

$434

Home Insurance

11%

$315

HOA

0%

$0

Property Management

10%

$286

CapEx

5%

$143

Vacancy

6%

$171

Maintenance

5%

$143

Other

0%

$0

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