REI Lense

REI Lense

135 ROCKAFELLOW'S MILL ROAD, Flemington, NJ 08822

3 beds • 2 baths • 1792 sqft

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This property looks like a bad Airbnb investment with a projected -19.31% first-year return on $139k initial cash invested.

-19.31%

Cash On Cash

1.71%

Cap Rate

0.28

DSCR

$3,210

Rent

-$2,244

Cashflow

Cash Flow

$3,210 income − $5,454 expenses = $2,244 out of pocket

Income$3,210Out ofPocket$2,244P&I$2,93992%Taxes$77024%Insurance$2056%Mgmt$48215%CapEx$1284%Maint.$1284%Other$80225%

Investment Breakdown

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Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$116k

Closing costs

1%

$5,785

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,210

Total Expenses

$5,454

Mortgage P&I

92%

$2,939

Property Taxes

24%

$770

Home Insurance

6%

$205

HOA

0%

$0

Property Management

15%

$482

CapEx

4%

$128

Vacancy

0%

$0

Maintenance

4%

$128

Other

25%

$802

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