REI Lense

REI Lense

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$3,179 (target)

260 Highland Ave, Somerset, NJ 08873

3 beds • 3 baths • 1140 sqft

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This property looks like a bad Long-Term investment with a projected -13.49% first-year return on $126k initial cash invested.

-13.49%

Cash On Cash

3.39%

Cap Rate

0.57

DSCR

$3,179

Rent

-$1,412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,980

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,179

Total Expenses

$4,591

Mortgage P&I

93%

$2,942

Property Taxes

19%

$613

Home Insurance

7%

$209

HOA

0%

$0

Property Management

10%

$318

CapEx

5%

$159

Vacancy

6%

$191

Maintenance

5%

$159

Other

0%

$0

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