REI Lense

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$6,003 (target)

1578 Broad St, Bloomfield, NJ 07003

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -8.39% first-year return on $176k initial cash invested.

-8.39%

Cash On Cash

4.47%

Cap Rate

0.74

DSCR

$6,003

Rent

-$1,227

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,003 income − $7,230 expenses = $1,227 out of pocket

Income$6,003Out of Pocket$1,227Mortgage P&I$3,78163%Property Taxes$1,16419%Insurance$2454%Management$72012%CapEx$2404%Vacancy$1803%Maintenance$2404%Other$66011%

Investment Breakdown

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Purchase Price

$750k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$176k

Downpayment

20%

$150k

Closing costs

1%

$7,504

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,003

Total Expenses

$7,230

Mortgage P&I

63%

$3,781

Property Taxes

19%

$1,164

Home Insurance

4%

$245

HOA

0%

$0

Property Management

12%

$720

CapEx

4%

$240

Vacancy

3%

$180

Maintenance

4%

$240

Other

11%

$660

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