REI Lense

REI Lense

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$4,145 (target)

24 Westgate Dr, Sparta, NJ 07871

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -10.96% first-year return on $127k initial cash invested.

-10.96%

Cash On Cash

4.29%

Cap Rate

0.69

DSCR

$4,145

Rent

-$1,156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,145 income − $5,301 expenses = $1,156 out of pocket

Income$4,145Out of Pocket$1,156Mortgage P&I$3,10375%Property Taxes$90722%Insurance$2145%Management$41410%CapEx$2075%Vacancy$2496%Maintenance$2075%

Investment Breakdown

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Purchase Price

$603k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$121k

Closing costs

1%

$6,027

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,145

Total Expenses

$5,301

Mortgage P&I

75%

$3,103

Property Taxes

22%

$907

Home Insurance

5%

$214

HOA

0%

$0

Property Management

10%

$414

CapEx

5%

$207

Vacancy

6%

$249

Maintenance

5%

$207

Other

0%

$0

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