REI Lense

REI Lense

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$4,130 (target)

124 Fishing Creek Road, Cape May, NJ 08204

3 beds • 2 baths • 2422 sqft

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This property looks like a bad Mid-Term investment with a projected -3.57% first-year return on $131k initial cash invested.

-3.57%

Cash On Cash

5.33%

Cap Rate

0.91

DSCR

$4,130

Rent

-$390

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$539k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,390

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,130

Total Expenses

$4,520

Mortgage P&I

63%

$2,619

Property Taxes

7%

$308

Home Insurance

5%

$189

HOA

0%

$0

Property Management

12%

$496

CapEx

4%

$165

Vacancy

3%

$124

Maintenance

4%

$165

Other

11%

$454

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