REI Lense

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$6,218 (target)

24 Westgate Dr, Sparta, NJ 07871

3 beds • 3 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -1% first-year return on $145k initial cash invested.

-1%

Cash On Cash

6.43%

Cap Rate

1.04

DSCR

$6,218

Rent

-$121

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,218 income − $6,339 expenses = $121 out of pocket

Income$6,218Out of Pocket$121Mortgage P&I$3,10350%Property Taxes$90715%Insurance$2143%Management$74612%CapEx$2494%Vacancy$1873%Maintenance$2494%Other$68411%

Investment Breakdown

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Purchase Price

$603k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$145k

Downpayment

20%

$121k

Closing costs

1%

$6,027

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,218

Total Expenses

$6,339

Mortgage P&I

50%

$3,103

Property Taxes

15%

$907

Home Insurance

3%

$214

HOA

0%

$0

Property Management

12%

$746

CapEx

4%

$249

Vacancy

3%

$187

Maintenance

4%

$249

Other

11%

$684

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