REI Lense

REI Lense

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$3,006 (target)

26 Delford Rd, Cape May, NJ 08204

3 beds • 2 baths • 1068 sqft

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This property looks like a bad Long-Term investment with a projected -16.42% first-year return on $152k initial cash invested.

-16.42%

Cash On Cash

2.89%

Cap Rate

0.47

DSCR

$3,006

Rent

-$2,085

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,006 income − $5,091 expenses = $2,085 out of pocket

Income$3,006Out of Pocket$2,085Mortgage P&I$3,683123%Property Taxes$36512%Insurance$2629%Management$30110%CapEx$1505%Vacancy$1806%Maintenance$1505%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$145k

Closing costs

1%

$7,254

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,006

Total Expenses

$5,091

Mortgage P&I

123%

$3,683

Property Taxes

12%

$365

Home Insurance

9%

$262

HOA

0%

$0

Property Management

10%

$301

CapEx

5%

$150

Vacancy

6%

$180

Maintenance

5%

$150

Other

0%

$0

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