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$3,365 (target)

29 Corsi Rd, Bloomfield, NJ 07003

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -14.51% first-year return on $117k initial cash invested.

-14.51%

Cash On Cash

3.3%

Cap Rate

0.55

DSCR

$3,365

Rent

-$1,416

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,365 income − $4,781 expenses = $1,416 out of pocket

Income$3,365Out of Pocket$1,416Mortgage P&I$2,78083%Property Taxes$95228%Insurance$1755%Management$33610%CapEx$1685%Vacancy$2026%Maintenance$1685%

Investment Breakdown

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Purchase Price

$558k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$117k

Downpayment

20%

$112k

Closing costs

1%

$5,578

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,365

Total Expenses

$4,781

Mortgage P&I

83%

$2,780

Property Taxes

28%

$952

Home Insurance

5%

$175

HOA

0%

$0

Property Management

10%

$336

CapEx

5%

$168

Vacancy

6%

$202

Maintenance

5%

$168

Other

0%

$0

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