REI Lense

REI Lense

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$2,521 (target)

2967 River Rd, Phillipsburg, NJ 08865

3 beds • 2 baths • 1584 sqft

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This property looks like a bad Long-Term investment with a projected -3.08% first-year return on $66,150 initial cash invested.

-3.08%

Cash On Cash

5.81%

Cap Rate

0.97

DSCR

$2,521

Rent

-$170

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,521 income − $2,691 expenses = $170 out of pocket

Income$2,521Out of Pocket$170Mortgage P&I$1,56862%Property Taxes$35814%Insurance$1104%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$315k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$66,150

Downpayment

20%

$63,000

Closing costs

1%

$3,150

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,521

Total Expenses

$2,691

Mortgage P&I

62%

$1,568

Property Taxes

14%

$358

Home Insurance

4%

$110

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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