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$5,048 (target)

29 Corsi Rd, Bloomfield, NJ 07003

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -5.11% first-year return on $135k initial cash invested.

-5.11%

Cash On Cash

5.18%

Cap Rate

0.87

DSCR

$5,048

Rent

-$575

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,048 income − $5,623 expenses = $575 out of pocket

Income$5,048Out of Pocket$575Mortgage P&I$2,78055%Property Taxes$95219%Insurance$1753%Management$60612%CapEx$2024%Vacancy$1513%Maintenance$2024%Other$55511%

Investment Breakdown

|

Purchase Price

$558k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$135k

Downpayment

20%

$112k

Closing costs

1%

$5,578

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,048

Total Expenses

$5,623

Mortgage P&I

55%

$2,780

Property Taxes

19%

$952

Home Insurance

3%

$175

HOA

0%

$0

Property Management

12%

$606

CapEx

4%

$202

Vacancy

3%

$151

Maintenance

4%

$202

Other

11%

$555

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