REI Lense

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$4,382 (target)

29 Millville Rd, Montague, NJ 07827

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -4.47% first-year return on $119k initial cash invested.

-4.47%

Cash On Cash

5.54%

Cap Rate

0.89

DSCR

$4,382

Rent

-$445

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,382 income − $4,827 expenses = $445 out of pocket

Income$4,382Out of Pocket$445Mortgage P&I$2,49957%Property Taxes$67115%Insurance$1684%Management$52612%CapEx$1754%Vacancy$1313%Maintenance$1754%Other$48211%

Investment Breakdown

|

Purchase Price

$483k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,520

Closing costs

1%

$4,826

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,382

Total Expenses

$4,827

Mortgage P&I

57%

$2,499

Property Taxes

15%

$671

Home Insurance

4%

$168

HOA

0%

$0

Property Management

12%

$526

CapEx

4%

$175

Vacancy

3%

$131

Maintenance

4%

$175

Other

11%

$482

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