REI Lense

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$5,808 (target)

251 Longwood Ln, Somerset, NJ 08873

3 beds • 3 baths • 3068 sqft

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This property looks like a bad Mid-Term investment with a projected -12.1% first-year return on $183k initial cash invested.

-12.1%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$5,808

Rent

-$1,849

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,808 income − $7,657 expenses = $1,849 out of pocket

Income$5,808Out of Pocket$1,849Mortgage P&I$3,94168%Property Taxes$1,03418%Insurance$2985%HOA$4107%Management$69712%CapEx$2324%Vacancy$1743%Maintenance$2324%Other$63911%

Investment Breakdown

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Purchase Price

$787k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$183k

Downpayment

20%

$157k

Closing costs

1%

$7,872

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,808

Total Expenses

$7,657

Mortgage P&I

68%

$3,941

Property Taxes

18%

$1,034

Home Insurance

5%

$298

HOA

7%

$410

Property Management

12%

$697

CapEx

4%

$232

Vacancy

3%

$174

Maintenance

4%

$232

Other

11%

$639

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