REI Lense

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$4,509 (target)

26 Delford Rd, Cape May, NJ 08204

3 beds • 2 baths • 1068 sqft

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This property looks like a bad Mid-Term investment with a projected -9.39% first-year return on $170k initial cash invested.

-9.39%

Cash On Cash

4.19%

Cap Rate

0.69

DSCR

$4,509

Rent

-$1,333

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,509 income − $5,842 expenses = $1,333 out of pocket

Income$4,509Out of Pocket$1,333Mortgage P&I$3,68382%Property Taxes$3658%Insurance$2626%Management$54112%CapEx$1804%Vacancy$1353%Maintenance$1804%Other$49611%

Investment Breakdown

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Purchase Price

$725k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$170k

Downpayment

20%

$145k

Closing costs

1%

$7,254

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,509

Total Expenses

$5,842

Mortgage P&I

82%

$3,683

Property Taxes

8%

$365

Home Insurance

6%

$262

HOA

0%

$0

Property Management

12%

$541

CapEx

4%

$180

Vacancy

3%

$135

Maintenance

4%

$180

Other

11%

$496

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