REI Lense

REI Lense

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$3,488 (target)

308 Skene Dr, South Plainfield, NJ 07080

3 beds • 2 baths • 0 sqft

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This property looks like a bad Long-Term investment with a projected -13.18% first-year return on $132k initial cash invested.

-13.18%

Cash On Cash

3.62%

Cap Rate

0.6

DSCR

$3,488

Rent

-$1,453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,488 income − $4,941 expenses = $1,453 out of pocket

Income$3,488Out of Pocket$1,453Mortgage P&I$3,17791%Property Taxes$63818%Insurance$2206%Management$34910%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$630k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$132k

Downpayment

20%

$126k

Closing costs

1%

$6,299

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,488

Total Expenses

$4,941

Mortgage P&I

91%

$3,177

Property Taxes

18%

$638

Home Insurance

6%

$220

HOA

0%

$0

Property Management

10%

$349

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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