REI Lense

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$5,662 (target)

27 Hermann Ave, Carteret, NJ 07008

3 beds • 2 baths • 1716 sqft

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This property looks like a bad Mid-Term investment with a projected -3.83% first-year return on $123k initial cash invested.

-3.83%

Cash On Cash

5.99%

Cap Rate

0.94

DSCR

$5,662

Rent

-$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,662 income − $6,054 expenses = $392 out of pocket

Income$5,662Out of Pocket$392Mortgage P&I$2,65647%Property Taxes$1,29923%Insurance$1753%Management$67912%CapEx$2264%Vacancy$1703%Maintenance$2264%Other$62311%

Investment Breakdown

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Purchase Price

$499k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$99,800

Closing costs

1%

$4,990

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,662

Total Expenses

$6,054

Mortgage P&I

47%

$2,656

Property Taxes

23%

$1,299

Home Insurance

3%

$175

HOA

0%

$0

Property Management

12%

$679

CapEx

4%

$226

Vacancy

3%

$170

Maintenance

4%

$226

Other

11%

$623

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