REI Lense

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$7,616 (target)

203 Balmiere Rd, Cranford, NJ 07016

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -6.91% first-year return on $198k initial cash invested.

-6.91%

Cash On Cash

5.42%

Cap Rate

0.82

DSCR

$7,616

Rent

-$1,140

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,616 income − $8,756 expenses = $1,140 out of pocket

Income$7,616Out of Pocket$1,140Mortgage P&I$4,70862%Property Taxes$1,19016%Insurance$2684%Management$91412%CapEx$3054%Vacancy$2283%Maintenance$3054%Other$83811%

Investment Breakdown

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Purchase Price

$857k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$198k

Downpayment

20%

$171k

Closing costs

1%

$8,573

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,616

Total Expenses

$8,756

Mortgage P&I

62%

$4,708

Property Taxes

16%

$1,190

Home Insurance

4%

$268

HOA

0%

$0

Property Management

12%

$914

CapEx

4%

$305

Vacancy

3%

$228

Maintenance

4%

$305

Other

11%

$838

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