REI Lense

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$5,187 (target)

2021 Paterson Avenue, Whiting, NJ 08759

3 beds • 2 baths • 2260 sqft

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This property looks like a bad Mid-Term investment with a projected -6.01% first-year return on $148k initial cash invested.

-6.01%

Cash On Cash

5.6%

Cap Rate

0.84

DSCR

$5,187

Rent

-$740

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,187 income − $5,927 expenses = $740 out of pocket

Income$5,187Out of Pocket$740Mortgage P&I$3,41666%Property Taxes$52810%Insurance$2204%Management$62212%CapEx$2074%Vacancy$1563%Maintenance$2074%Other$57111%

Investment Breakdown

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Purchase Price

$618k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$124k

Closing costs

1%

$6,177

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,187

Total Expenses

$5,927

Mortgage P&I

66%

$3,416

Property Taxes

10%

$528

Home Insurance

4%

$220

HOA

0%

$0

Property Management

12%

$622

CapEx

4%

$207

Vacancy

3%

$156

Maintenance

4%

$207

Other

11%

$571

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