REI Lense

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$4,422 (target)

1211 Joann Dr, Millville, NJ 08332

3 beds • 3 baths • 1591 sqft

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This property looks like a bad Mid-Term investment with a projected -1.73% first-year return on $110k initial cash invested.

-1.73%

Cash On Cash

6.18%

Cap Rate

1.01

DSCR

$4,422

Rent

-$159

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,422 income − $4,581 expenses = $159 out of pocket

Income$4,422Out of Pocket$159Mortgage P&I$2,24051%Property Taxes$68315%Insurance$1543%Management$53112%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48611%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,760

Closing costs

1%

$4,388

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,422

Total Expenses

$4,581

Mortgage P&I

51%

$2,240

Property Taxes

15%

$683

Home Insurance

3%

$154

HOA

0%

$0

Property Management

12%

$531

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$486

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