REI Lense

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$5,188 (target)

281 Longwood Drive, Manalapan, NJ 07726

3 beds • 3 baths • 1554 sqft

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This property looks like a bad Mid-Term investment with a projected -4.6% first-year return on $142k initial cash invested.

-4.6%

Cash On Cash

5.29%

Cap Rate

0.89

DSCR

$5,188

Rent

-$546

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,188 income − $5,734 expenses = $546 out of pocket

Income$5,188Out of Pocket$546Mortgage P&I$2,95257%Property Taxes$55911%Insurance$1663%HOA$2916%Management$62312%CapEx$2084%Vacancy$1563%Maintenance$2084%Other$57111%

Investment Breakdown

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Purchase Price

$593k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$119k

Closing costs

1%

$5,927

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,188

Total Expenses

$5,734

Mortgage P&I

57%

$2,952

Property Taxes

11%

$559

Home Insurance

3%

$166

HOA

6%

$291

Property Management

12%

$623

CapEx

4%

$208

Vacancy

3%

$156

Maintenance

4%

$208

Other

11%

$571

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