REI Lense

REI Lense

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$2,101 (target)

1307 Drexel Ave, Atlantic City, NJ 08401

3 beds • 2 baths • sqft

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This property could be a profitable Long-Term investment with a projected 21.34% first-year return on $32,340 initial cash invested.

21.34%

Cash On Cash

11.52%

Cap Rate

1.85

DSCR

$2,101

Rent

$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,101 income − $1,526 expenses = $575 cash flow

Income$2,101Mortgage P&I$79938%Property Taxes$1155%Insurance$663%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%Cash Flow$575

Investment Breakdown

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Purchase Price

$154k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$32,340

Downpayment

20%

$30,800

Closing costs

1%

$1,540

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,101

Total Expenses

$1,526

Mortgage P&I

38%

$799

Property Taxes

5%

$115

Home Insurance

3%

$66

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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