REI Lense

REI Lense

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$4,798 (target)

1500 Sommerell Ave, Forked River, NJ 08731

3 beds • 2 baths • 1320 sqft

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This property might be a fair Mid-Term investment with a projected 5.17% first-year return on $105k initial cash invested.

5.17%

Cash On Cash

7.92%

Cap Rate

1.31

DSCR

$4,798

Rent

$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$414k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$105k

Downpayment

20%

$82,800

Closing costs

1%

$4,140

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,798

Total Expenses

$4,346

Mortgage P&I

44%

$2,090

Property Taxes

10%

$479

Home Insurance

3%

$145

HOA

0%

$0

Property Management

12%

$576

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$528

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