REI Lense

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$5,535 (target)

304 Mainsail Court, Forked River, NJ 08731

3 beds • 2 baths • 1880 sqft

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This property might be a fair Mid-Term investment with a projected 2.96% first-year return on $127k initial cash invested.

2.96%

Cash On Cash

7.21%

Cap Rate

1.21

DSCR

$5,535

Rent

$314

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,535 income − $5,221 expenses = $314 cash flow

Income$5,535Mortgage P&I$2,59547%Property Taxes$56310%Insurance$1823%Management$66412%CapEx$2214%Vacancy$1663%Maintenance$2214%Other$60911%Cash Flow$314

Investment Breakdown

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Purchase Price

$521k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$104k

Closing costs

1%

$5,211

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,535

Total Expenses

$5,221

Mortgage P&I

47%

$2,595

Property Taxes

10%

$563

Home Insurance

3%

$182

HOA

0%

$0

Property Management

12%

$664

CapEx

4%

$221

Vacancy

3%

$166

Maintenance

4%

$221

Other

11%

$609

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