REI Lense

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$4,443 (target)

230 Ridgewood Dr, Northfield, NJ 08225

3 beds • 2 baths • 1293 sqft

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This property might be a fair Mid-Term investment with a projected 2.07% first-year return on $101k initial cash invested.

2.07%

Cash On Cash

7.13%

Cap Rate

1.18

DSCR

$4,443

Rent

$174

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,443 income − $4,269 expenses = $174 cash flow

Income$4,443Mortgage P&I$1,98945%Property Taxes$61714%Insurance$1523%Management$53312%CapEx$1784%Vacancy$1333%Maintenance$1784%Other$48911%Cash Flow$174

Investment Breakdown

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Purchase Price

$394k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$101k

Downpayment

20%

$78,760

Closing costs

1%

$3,938

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,443

Total Expenses

$4,269

Mortgage P&I

45%

$1,989

Property Taxes

14%

$617

Home Insurance

3%

$152

HOA

0%

$0

Property Management

12%

$533

CapEx

4%

$178

Vacancy

3%

$133

Maintenance

4%

$178

Other

11%

$489

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