REI Lense

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$5,814 (target)

1387 Hamilton St, Somerset, NJ 08873

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 2.89% first-year return on $126k initial cash invested.

2.89%

Cash On Cash

7.31%

Cap Rate

1.21

DSCR

$5,814

Rent

$304

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,814 income − $5,510 expenses = $304 cash flow

Income$5,814Mortgage P&I$2,60145%Property Taxes$75113%Insurance$1803%Management$69812%CapEx$2334%Vacancy$1743%Maintenance$2334%Other$64011%Cash Flow$304

Investment Breakdown

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Purchase Price

$515k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,150

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,814

Total Expenses

$5,510

Mortgage P&I

45%

$2,601

Property Taxes

13%

$751

Home Insurance

3%

$180

HOA

0%

$0

Property Management

12%

$698

CapEx

4%

$233

Vacancy

3%

$174

Maintenance

4%

$233

Other

11%

$640

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