REI Lense

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$4,869 (target)

17 Patrick St, Carteret, NJ 07008

3 beds • 2 baths • 1586 sqft

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This property looks like a bad Mid-Term investment with a projected -5.33% first-year return on $130k initial cash invested.

-5.33%

Cash On Cash

5.65%

Cap Rate

0.87

DSCR

$4,869

Rent

-$578

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,869 income − $5,447 expenses = $578 out of pocket

Income$4,869Out of Pocket$578Mortgage P&I$2,89759%Property Taxes$70214%Insurance$1924%Management$58412%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53611%

Investment Breakdown

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Purchase Price

$534k

Downpayment

20.0%

Interest Rate

7.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$107k

Closing costs

1%

$5,343

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,869

Total Expenses

$5,447

Mortgage P&I

60%

$2,897

Property Taxes

14%

$702

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$584

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$536

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