REI Lense

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$4,460 (target)

296 Lake Shore Drive, Brick, NJ 08723

3 beds • 2 baths • 1549 sqft

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This property looks like a bad Mid-Term investment with a projected -6.39% first-year return on $133k initial cash invested.

-6.39%

Cash On Cash

5.26%

Cap Rate

0.82

DSCR

$4,460

Rent

-$710

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,460 income − $5,170 expenses = $710 out of pocket

Income$4,460Out of Pocket$710Mortgage P&I$2,93966%Property Taxes$52312%Insurance$1924%Management$53512%CapEx$1784%Vacancy$1343%Maintenance$1784%Other$49111%

Investment Breakdown

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Purchase Price

$549k

Downpayment

20.0%

Interest Rate

7.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,490

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,460

Total Expenses

$5,170

Mortgage P&I

66%

$2,939

Property Taxes

12%

$523

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$535

CapEx

4%

$178

Vacancy

3%

$134

Maintenance

4%

$178

Other

11%

$491

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