REI Lense

REI Lense

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$3,100 (target)

216 Ridgewood Dr, Northfield, NJ 08225

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -2.19% first-year return on $74,004 initial cash invested.

-2.19%

Cash On Cash

6.13%

Cap Rate

1.01

DSCR

$3,100

Rent

-$135

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,100 income − $3,235 expenses = $135 out of pocket

Income$3,100Out of Pocket$135Mortgage P&I$1,78057%Property Taxes$53517%Insurance$1144%Management$31010%CapEx$1555%Vacancy$1866%Maintenance$1555%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$74,004

Downpayment

20%

$70,480

Closing costs

1%

$3,524

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,100

Total Expenses

$3,235

Mortgage P&I

57%

$1,780

Property Taxes

17%

$535

Home Insurance

4%

$114

HOA

0%

$0

Property Management

10%

$310

CapEx

5%

$155

Vacancy

6%

$186

Maintenance

5%

$155

Other

0%

$0

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