REI Lense

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$5,925 (target)

17 Ridge Rd, Edison, NJ 08817

3 beds • 3 baths • 1696 sqft

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This property looks like a bad Mid-Term investment with a projected -3.91% first-year return on $153k initial cash invested.

-3.91%

Cash On Cash

5.6%

Cap Rate

0.92

DSCR

$5,925

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,925 income − $6,424 expenses = $499 out of pocket

Income$5,925Out of Pocket$499Mortgage P&I$3,26155%Property Taxes$92016%Insurance$2284%Management$71112%CapEx$2374%Vacancy$1783%Maintenance$2374%Other$65211%

Investment Breakdown

|

Purchase Price

$643k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$153k

Downpayment

20%

$129k

Closing costs

1%

$6,432

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,925

Total Expenses

$6,424

Mortgage P&I

55%

$3,261

Property Taxes

16%

$920

Home Insurance

4%

$228

HOA

0%

$0

Property Management

12%

$711

CapEx

4%

$237

Vacancy

3%

$178

Maintenance

4%

$237

Other

11%

$652

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