REI Lense

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$3,975 (target)

288 E Miami Ave, Villas, NJ 08251

3 beds • 2 baths • 1248 sqft

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This property might be a fair Mid-Term investment with a projected 3.6% first-year return on $97,989 initial cash invested.

3.6%

Cash On Cash

7.57%

Cap Rate

1.23

DSCR

$3,975

Rent

$294

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,975 income − $3,681 expenses = $294 cash flow

Income$3,975Mortgage P&I$1,95149%Property Taxes$3008%Insurance$792%Management$47712%CapEx$1594%Vacancy$1193%Maintenance$1594%Other$43711%Cash Flow$294

Investment Breakdown

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Purchase Price

$381k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$97,989

Downpayment

20%

$76,180

Closing costs

1%

$3,809

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,975

Total Expenses

$3,681

Mortgage P&I

49%

$1,951

Property Taxes

8%

$300

Home Insurance

2%

$79

HOA

0%

$0

Property Management

12%

$477

CapEx

4%

$159

Vacancy

3%

$119

Maintenance

4%

$159

Other

11%

$437

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