REI Lense

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$3,819 (target)

294 Delaware Drive, Brick, NJ 08723

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -9.98% first-year return on $137k initial cash invested.

-9.98%

Cash On Cash

4.03%

Cap Rate

0.66

DSCR

$3,819

Rent

-$1,143

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,819 income − $4,962 expenses = $1,143 out of pocket

Income$3,819Out of Pocket$1,143Mortgage P&I$2,90176%Property Taxes$56315%Insurance$1995%Management$45812%CapEx$1534%Vacancy$1153%Maintenance$1534%Other$42011%

Investment Breakdown

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Purchase Price

$569k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$114k

Closing costs

1%

$5,690

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,819

Total Expenses

$4,962

Mortgage P&I

76%

$2,901

Property Taxes

15%

$563

Home Insurance

5%

$199

HOA

0%

$0

Property Management

12%

$458

CapEx

4%

$153

Vacancy

3%

$115

Maintenance

4%

$153

Other

11%

$420

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