REI Lense

REI Lense

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$3,989 (target)

2 Boothbay Dr, Cape May, NJ 08204

3 beds • 2 baths • 1676 sqft

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This property looks like a bad Long-Term investment with a projected -13.11% first-year return on $168k initial cash invested.

-13.11%

Cash On Cash

3.59%

Cap Rate

0.59

DSCR

$3,989

Rent

-$1,833

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,989 income − $5,822 expenses = $1,833 out of pocket

Income$3,989Out of Pocket$1,833Mortgage P&I$4,026101%Property Taxes$48012%Insurance$2807%Management$39910%CapEx$1995%Vacancy$2396%Maintenance$1995%

Investment Breakdown

|

Purchase Price

$799k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$168k

Downpayment

20%

$160k

Closing costs

1%

$7,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,989

Total Expenses

$5,822

Mortgage P&I

101%

$4,026

Property Taxes

12%

$480

Home Insurance

7%

$280

HOA

0%

$0

Property Management

10%

$399

CapEx

5%

$199

Vacancy

6%

$239

Maintenance

5%

$199

Other

0%

$0

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