REI Lense

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$2,923 (target)

223 Serpent Ln, Manahawkin, NJ 08050

3 beds • 3 baths • 1548 sqft

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This property looks like a bad Long-Term investment with a projected -14.98% first-year return on $126k initial cash invested.

-14.98%

Cash On Cash

3.21%

Cap Rate

0.53

DSCR

$2,923

Rent

-$1,579

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,923 income − $4,502 expenses = $1,579 out of pocket

Income$2,923Out of Pocket$1,579Mortgage P&I$3,046104%Property Taxes$48317%Insurance$2147%Management$29210%CapEx$1465%Vacancy$1756%Maintenance$1465%

Investment Breakdown

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Purchase Price

$602k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$6,023

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,923

Total Expenses

$4,502

Mortgage P&I

104%

$3,046

Property Taxes

17%

$483

Home Insurance

7%

$214

HOA

0%

$0

Property Management

10%

$292

CapEx

5%

$146

Vacancy

6%

$175

Maintenance

5%

$146

Other

0%

$0

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