REI Lense

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$3,807 (target)

279 N 6Th St, Newark, NJ 07107

3 beds • 3 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -3.12% first-year return on $116k initial cash invested.

-3.12%

Cash On Cash

5.73%

Cap Rate

0.94

DSCR

$3,807

Rent

-$301

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,807 income − $4,108 expenses = $301 out of pocket

Income$3,807Out of Pocket$301Mortgage P&I$2,37362%Property Taxes$2847%Insurance$1574%Management$45712%CapEx$1524%Vacancy$1143%Maintenance$1524%Other$41911%

Investment Breakdown

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Purchase Price

$466k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$93,220

Closing costs

1%

$4,661

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,807

Total Expenses

$4,108

Mortgage P&I

62%

$2,373

Property Taxes

7%

$284

Home Insurance

4%

$157

HOA

0%

$0

Property Management

12%

$457

CapEx

4%

$152

Vacancy

3%

$114

Maintenance

4%

$152

Other

11%

$419

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