REI Lense

REI Lense

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$3,857 (target)

228 Norris Ave, Metuchen, NJ 08840

3 beds • 2 baths • 1526 sqft

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This property looks like a bad Long-Term investment with a projected -19.51% first-year return on $158k initial cash invested.

-19.51%

Cash On Cash

2.31%

Cap Rate

0.38

DSCR

$3,857

Rent

-$2,565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,857 income − $6,422 expenses = $2,565 out of pocket

Income$3,857Out of Pocket$2,565Mortgage P&I$3,81899%Property Taxes$1,27033%Insurance$3319%Management$38610%CapEx$1935%Vacancy$2316%Maintenance$1935%

Investment Breakdown

|

Purchase Price

$751k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$158k

Downpayment

20%

$150k

Closing costs

1%

$7,514

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,857

Total Expenses

$6,422

Mortgage P&I

99%

$3,818

Property Taxes

33%

$1,270

Home Insurance

9%

$331

HOA

0%

$0

Property Management

10%

$386

CapEx

5%

$193

Vacancy

6%

$231

Maintenance

5%

$193

Other

0%

$0

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