REI Lense

REI Lense

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$3,033 (target)

2 Scenic Dr, Andover, NJ 07821

3 beds • 2 baths • 0 sqft

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This property looks like a bad Long-Term investment with a projected -11.35% first-year return on $97,377 initial cash invested.

-11.35%

Cash On Cash

4.14%

Cap Rate

0.68

DSCR

$3,033

Rent

-$921

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,033 income − $3,954 expenses = $921 out of pocket

Income$3,033Out of Pocket$921Mortgage P&I$2,36778%Property Taxes$64021%Insurance$1585%Management$30310%CapEx$1525%Vacancy$1826%Maintenance$1525%

Investment Breakdown

|

Purchase Price

$464k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,377

Downpayment

20%

$92,740

Closing costs

1%

$4,637

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,033

Total Expenses

$3,954

Mortgage P&I

78%

$2,367

Property Taxes

21%

$640

Home Insurance

5%

$158

HOA

0%

$0

Property Management

10%

$303

CapEx

5%

$152

Vacancy

6%

$182

Maintenance

5%

$152

Other

0%

$0

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