REI Lense

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$4,579 (target)

151 Spring Lake Boulevard, Waretown, NJ 08758

3 beds • 3 baths • 3188 sqft

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This property looks like a bad Long-Term investment with a projected -15.49% first-year return on $173k initial cash invested.

-15.49%

Cash On Cash

3.18%

Cap Rate

0.52

DSCR

$4,579

Rent

-$2,230

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,579 income − $6,809 expenses = $2,230 out of pocket

Income$4,579Out of Pocket$2,230Mortgage P&I$4,17791%Property Taxes$86719%Insurance$2946%HOA$2806%Management$45810%CapEx$2295%Vacancy$2756%Maintenance$2295%

Investment Breakdown

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Purchase Price

$822k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$173k

Downpayment

20%

$164k

Closing costs

1%

$8,224

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,579

Total Expenses

$6,809

Mortgage P&I

91%

$4,177

Property Taxes

19%

$867

Home Insurance

6%

$294

HOA

6%

$280

Property Management

10%

$458

CapEx

5%

$229

Vacancy

6%

$275

Maintenance

5%

$229

Other

0%

$0

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