REI Lense

REI Lense

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$3,473 (target)

21 Rieder Rd, Spotswood, NJ 08884

3 beds • 2 baths • 1485 sqft

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This property looks like a bad Long-Term investment with a projected -14.71% first-year return on $124k initial cash invested.

-14.71%

Cash On Cash

3.36%

Cap Rate

0.55

DSCR

$3,473

Rent

-$1,516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,473 income − $4,989 expenses = $1,516 out of pocket

Income$3,473Out of Pocket$1,516Mortgage P&I$2,99386%Property Taxes$88826%Insurance$2056%Management$34710%CapEx$1745%Vacancy$2086%Maintenance$1745%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$124k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,473

Total Expenses

$4,989

Mortgage P&I

86%

$2,993

Property Taxes

26%

$888

Home Insurance

6%

$205

HOA

0%

$0

Property Management

10%

$347

CapEx

5%

$174

Vacancy

6%

$208

Maintenance

5%

$174

Other

0%

$0

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