REI Lense

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$3,126 (target)

21 Lewis Dr, Mays Landing, NJ 08330

3 beds • 3 baths • 2123 sqft

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This property looks like a bad Long-Term investment with a projected -9.84% first-year return on $89,376 initial cash invested.

-9.84%

Cash On Cash

4.23%

Cap Rate

0.72

DSCR

$3,126

Rent

-$733

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,126 income − $3,859 expenses = $733 out of pocket

Income$3,126Out of Pocket$733Mortgage P&I$2,07866%Property Taxes$58319%Insurance$1455%HOA$2408%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%

Investment Breakdown

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Purchase Price

$426k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,376

Downpayment

20%

$85,120

Closing costs

1%

$4,256

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,126

Total Expenses

$3,859

Mortgage P&I

66%

$2,078

Property Taxes

19%

$583

Home Insurance

5%

$145

HOA

8%

$240

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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