REI Lense

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$5,247 (target)

23 Hastings Drive, Forked River, NJ 08731

3 beds • 2 baths • 1675 sqft

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This property might be a fair Mid-Term investment with a projected 5.67% first-year return on $111k initial cash invested.

5.67%

Cash On Cash

8.26%

Cap Rate

1.32

DSCR

$5,247

Rent

$526

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,247 income − $4,721 expenses = $526 cash flow

Income$5,247Mortgage P&I$2,32344%Property Taxes$3887%Insurance$1563%HOA$701%Management$63012%CapEx$2104%Vacancy$1573%Maintenance$2104%Other$57711%Cash Flow$526

Investment Breakdown

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Purchase Price

$444k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$88,880

Closing costs

1%

$4,444

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,247

Total Expenses

$4,721

Mortgage P&I

44%

$2,323

Property Taxes

7%

$388

Home Insurance

3%

$156

HOA

1%

$70

Property Management

12%

$630

CapEx

4%

$210

Vacancy

3%

$157

Maintenance

4%

$210

Other

11%

$577

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