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$5,704 (target)

15 Summer Cir, Cape May, NJ 08204

3 beds • 2 baths • 1744 sqft

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This property looks like a bad Mid-Term investment with a projected -9.11% first-year return on $206k initial cash invested.

-9.11%

Cash On Cash

4.27%

Cap Rate

0.7

DSCR

$5,704

Rent

-$1,563

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,704 income − $7,267 expenses = $1,563 out of pocket

Income$5,704Out of Pocket$1,563Mortgage P&I$4,51879%Property Taxes$4989%Insurance$3135%Management$68412%CapEx$2284%Vacancy$1713%Maintenance$2284%Other$62711%

Investment Breakdown

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Purchase Price

$895k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$206k

Downpayment

20%

$179k

Closing costs

1%

$8,950

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,704

Total Expenses

$7,267

Mortgage P&I

79%

$4,518

Property Taxes

9%

$498

Home Insurance

5%

$313

HOA

0%

$0

Property Management

12%

$684

CapEx

4%

$228

Vacancy

3%

$171

Maintenance

4%

$228

Other

11%

$627

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