REI Lense

REI Lense

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$4,351 (target)

16 Harmony Lane, Brick, NJ 08724

3 beds • 2 baths • 1744 sqft

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This property looks like a bad Long-Term investment with a projected -13.54% first-year return on $156k initial cash invested.

-13.54%

Cash On Cash

3.62%

Cap Rate

0.59

DSCR

$4,351

Rent

-$1,764

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,351 income − $6,115 expenses = $1,764 out of pocket

Income$4,351Out of Pocket$1,764Mortgage P&I$3,79087%Property Taxes$93121%Insurance$2626%Management$43510%CapEx$2185%Vacancy$2616%Maintenance$2185%

Investment Breakdown

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Purchase Price

$744k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$149k

Closing costs

1%

$7,442

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,351

Total Expenses

$6,115

Mortgage P&I

87%

$3,790

Property Taxes

21%

$931

Home Insurance

6%

$262

HOA

0%

$0

Property Management

10%

$435

CapEx

5%

$218

Vacancy

6%

$261

Maintenance

5%

$218

Other

0%

$0

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