REI Lense

REI Lense

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$3,543 (target)

253 Academy Ln, Manahawkin, NJ 08050

3 beds • 4 baths • 2800 sqft

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This property looks like a bad Long-Term investment with a projected -17.04% first-year return on $143k initial cash invested.

-17.04%

Cash On Cash

3.36%

Cap Rate

0.51

DSCR

$3,543

Rent

-$2,024

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,543 income − $5,567 expenses = $2,024 out of pocket

Income$3,543Out of Pocket$2,024Mortgage P&I$3,747106%Property Taxes$67119%Insurance$2286%Management$35410%CapEx$1775%Vacancy$2136%Maintenance$1775%

Investment Breakdown

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Purchase Price

$679k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$143k

Downpayment

20%

$136k

Closing costs

1%

$6,787

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,543

Total Expenses

$5,567

Mortgage P&I

106%

$3,747

Property Taxes

19%

$671

Home Insurance

6%

$228

HOA

0%

$0

Property Management

10%

$354

CapEx

5%

$177

Vacancy

6%

$213

Maintenance

5%

$177

Other

0%

$0

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