REI Lense

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$4,431 (target)

23 Bloomer Dr, Burlington, NJ 08016

3 beds • 2 baths • 2046 sqft

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This property looks like a bad Mid-Term investment with a projected -6.34% first-year return on $129k initial cash invested.

-6.34%

Cash On Cash

4.83%

Cap Rate

0.81

DSCR

$4,431

Rent

-$683

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,431 income − $5,114 expenses = $683 out of pocket

Income$4,431Out of Pocket$683Mortgage P&I$2,64060%Property Taxes$78418%Insurance$1844%Management$53212%CapEx$1774%Vacancy$1333%Maintenance$1774%Other$48711%

Investment Breakdown

|

Purchase Price

$530k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,298

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,431

Total Expenses

$5,114

Mortgage P&I

60%

$2,640

Property Taxes

18%

$784

Home Insurance

4%

$184

HOA

0%

$0

Property Management

12%

$532

CapEx

4%

$177

Vacancy

3%

$133

Maintenance

4%

$177

Other

11%

$487

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