REI Lense

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$2,225 (target)

1709 Coventry Way, Millville, NJ 08332

3 beds • 2 baths • 1472 sqft

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This property could be a profitable Long-Term investment with a projected 18.8% first-year return on $33,453 initial cash invested.

18.8%

Cash On Cash

10.98%

Cap Rate

1.77

DSCR

$2,225

Rent

$524

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,225 income − $1,701 expenses = $524 cash flow

Income$2,225Mortgage P&I$82337%Property Taxes$24411%Insurance$563%Management$22210%CapEx$1115%Vacancy$1346%Maintenance$1115%Cash Flow$524

Investment Breakdown

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Purchase Price

$159k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$33,453

Downpayment

20%

$31,860

Closing costs

1%

$1,593

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,225

Total Expenses

$1,701

Mortgage P&I

37%

$823

Property Taxes

11%

$244

Home Insurance

3%

$56

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$134

Maintenance

5%

$111

Other

0%

$0

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