REI Lense

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$6,146 (target)

189 Berger St, Somerset, NJ 08873

3 beds • 3 baths • 0 sqft

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This property looks like a bad Mid-Term investment with a projected -4.97% first-year return on $162k initial cash invested.

-4.97%

Cash On Cash

5.4%

Cap Rate

0.88

DSCR

$6,146

Rent

-$670

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,146 income − $6,816 expenses = $670 out of pocket

Income$6,146Out of Pocket$670Mortgage P&I$3,50957%Property Taxes$97716%Insurance$2404%Management$73812%CapEx$2464%Vacancy$1843%Maintenance$2464%Other$67611%

Investment Breakdown

|

Purchase Price

$685k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$162k

Downpayment

20%

$137k

Closing costs

1%

$6,850

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,146

Total Expenses

$6,816

Mortgage P&I

57%

$3,509

Property Taxes

16%

$977

Home Insurance

4%

$240

HOA

0%

$0

Property Management

12%

$738

CapEx

4%

$246

Vacancy

3%

$184

Maintenance

4%

$246

Other

11%

$676

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