REI Lense

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$4,550 (target)

2 Scenic Dr, Andover, NJ 07821

3 beds • 2 baths • 0 sqft

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This property looks like a bad Mid-Term investment with a projected -1.67% first-year return on $115k initial cash invested.

-1.67%

Cash On Cash

6.18%

Cap Rate

1.01

DSCR

$4,550

Rent

-$161

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,550 income − $4,711 expenses = $161 out of pocket

Income$4,550Out of Pocket$161Mortgage P&I$2,36752%Property Taxes$64014%Insurance$1583%Management$54612%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$50011%

Investment Breakdown

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Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$115k

Downpayment

20%

$92,740

Closing costs

1%

$4,637

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,550

Total Expenses

$4,711

Mortgage P&I

52%

$2,367

Property Taxes

14%

$640

Home Insurance

3%

$158

HOA

0%

$0

Property Management

12%

$546

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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