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$5,973 (target)

205 Leaming Ave, Cape May, NJ 08204

3 beds • 2 baths • 1339 sqft

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This property might be a fair Mid-Term investment with a projected 1.68% first-year return on $149k initial cash invested.

1.68%

Cash On Cash

6.86%

Cap Rate

1.14

DSCR

$5,973

Rent

$209

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,973 income − $5,764 expenses = $209 cash flow

Income$5,973Mortgage P&I$3,12452%Property Taxes$3907%Insurance$2194%Management$71712%CapEx$2394%Vacancy$1793%Maintenance$2394%Other$65711%Cash Flow$209

Investment Breakdown

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Purchase Price

$625k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,250

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,973

Total Expenses

$5,764

Mortgage P&I

52%

$3,124

Property Taxes

7%

$390

Home Insurance

4%

$219

HOA

0%

$0

Property Management

12%

$717

CapEx

4%

$239

Vacancy

3%

$179

Maintenance

4%

$239

Other

11%

$657

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