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$3,152 (target)

1307 Drexel Ave, Atlantic City, NJ 08401

3 beds • 2 baths • sqft

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This property could be a profitable Mid-Term investment with a projected 26.22% first-year return on $50,340 initial cash invested.

26.22%

Cash On Cash

15.78%

Cap Rate

2.53

DSCR

$3,152

Rent

$1,100

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,152 income − $2,052 expenses = $1,100 cash flow

Income$3,152Mortgage P&I$79925%Property Taxes$1154%Insurance$662%Management$37812%CapEx$1264%Vacancy$953%Maintenance$1264%Other$34711%Cash Flow$1,100

Investment Breakdown

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Purchase Price

$154k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$50,340

Downpayment

20%

$30,800

Closing costs

1%

$1,540

Rehab

0%

$0

Furnishing

12%

$18,000

Cashflow

Total Income

$3,152

Total Expenses

$2,052

Mortgage P&I

25%

$799

Property Taxes

4%

$115

Home Insurance

2%

$66

HOA

0%

$0

Property Management

12%

$378

CapEx

4%

$126

Vacancy

3%

$95

Maintenance

4%

$126

Other

11%

$347

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