REI Lense

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$4,035 (target)

3016 Reading Ave, Hammonton, NJ 08037

3 beds • 2 baths • 1680 sqft

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This property looks like a bad Mid-Term investment with a projected -3.21% first-year return on $102k initial cash invested.

-3.21%

Cash On Cash

5.77%

Cap Rate

0.94

DSCR

$4,035

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,035 income − $4,308 expenses = $273 out of pocket

Income$4,035Out of Pocket$273Mortgage P&I$2,03550%Property Taxes$76219%Insurance$1403%Management$48412%CapEx$1614%Vacancy$1213%Maintenance$1614%Other$44411%

Investment Breakdown

|

Purchase Price

$400k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$102k

Downpayment

20%

$79,980

Closing costs

1%

$3,999

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,035

Total Expenses

$4,308

Mortgage P&I

50%

$2,035

Property Taxes

19%

$762

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$484

CapEx

4%

$161

Vacancy

3%

$121

Maintenance

4%

$161

Other

11%

$444

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