REI Lense

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$3,415 (target)

2021 Paterson Avenue, Whiting, NJ 08759

3 beds • 2 baths • 2260 sqft

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This property looks like a bad Long-Term investment with a projected -12.6% first-year return on $130k initial cash invested.

-12.6%

Cash On Cash

3.78%

Cap Rate

0.62

DSCR

$3,415

Rent

-$1,365

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,415 income − $4,780 expenses = $1,365 out of pocket

Income$3,415Out of Pocket$1,365Mortgage P&I$3,14392%Property Taxes$52815%Insurance$2206%Management$34210%CapEx$1715%Vacancy$2056%Maintenance$1715%

Investment Breakdown

|

Purchase Price

$619k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,191

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,415

Total Expenses

$4,780

Mortgage P&I

92%

$3,143

Property Taxes

15%

$528

Home Insurance

6%

$220

HOA

0%

$0

Property Management

10%

$342

CapEx

5%

$171

Vacancy

6%

$205

Maintenance

5%

$171

Other

0%

$0

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