REI Lense

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$2,885 (target)

2334 Richards Ave, Atco, NJ 08004

3 beds • 2 baths • 1326 sqft

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This property might be a fair Long-Term investment with a projected 6.54% first-year return on $49,350 initial cash invested.

6.54%

Cash On Cash

8.33%

Cap Rate

1.34

DSCR

$2,885

Rent

$269

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,885 income − $2,616 expenses = $269 cash flow

Income$2,885Mortgage P&I$1,21942%Property Taxes$56620%Insurance$823%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%Cash Flow$269

Investment Breakdown

|

Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$49,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,885

Total Expenses

$2,616

Mortgage P&I

42%

$1,219

Property Taxes

20%

$566

Home Insurance

3%

$82

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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