REI Lense

REI Lense

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$2,588 (target)

2022 Blaine Ave, Atlantic City, NJ 08401

3 beds • 2 baths • 1320 sqft

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This property might be a fair Long-Term investment with a projected 2.69% first-year return on $55,692 initial cash invested.

2.69%

Cash On Cash

7.57%

Cap Rate

1.18

DSCR

$2,588

Rent

$125

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,588 income − $2,463 expenses = $125 cash flow

Income$2,588Mortgage P&I$1,41955%Property Taxes$27811%Insurance$944%Management$25910%CapEx$1295%Vacancy$1556%Maintenance$1295%Cash Flow$125

Investment Breakdown

|

Purchase Price

$265k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,692

Downpayment

20%

$53,040

Closing costs

1%

$2,652

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,588

Total Expenses

$2,463

Mortgage P&I

55%

$1,419

Property Taxes

11%

$278

Home Insurance

4%

$94

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$129

Vacancy

6%

$155

Maintenance

5%

$129

Other

0%

$0

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