REI Lense

REI Lense

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$1,280 (target)

1631 W Main St, Millville, NJ 08332

3 beds • 2 baths • 1725 sqft

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This property could be a profitable Long-Term investment with a projected 31.02% first-year return on $14,700 initial cash invested.

31.02%

Cash On Cash

13.7%

Cap Rate

2.25

DSCR

$1,280

Rent

$380

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$70,000

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$14,700

Downpayment

20%

$14,000

Closing costs

1%

$700

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,280

Total Expenses

$900

Mortgage P&I

28%

$355

Property Taxes

15%

$188

Home Insurance

2%

$24

HOA

0%

$0

Property Management

10%

$128

CapEx

5%

$64

Vacancy

6%

$77

Maintenance

5%

$64

Other

0%

$0

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