REI Lense

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$5,716 (target)

31 Lakeview Rd, Sparta, NJ 07871

3 beds • 3 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -2.27% first-year return on $133k initial cash invested.

-2.27%

Cash On Cash

5.81%

Cap Rate

0.99

DSCR

$5,716

Rent

-$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,716 income − $5,968 expenses = $252 out of pocket

Income$5,716Out of Pocket$252Mortgage P&I$2,68747%Property Taxes$91216%Insurance$1923%HOA$2334%Management$68612%CapEx$2294%Vacancy$1713%Maintenance$2294%Other$62911%

Investment Breakdown

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Purchase Price

$550k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$133k

Downpayment

20%

$110k

Closing costs

1%

$5,499

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,716

Total Expenses

$5,968

Mortgage P&I

47%

$2,687

Property Taxes

16%

$912

Home Insurance

3%

$192

HOA

4%

$233

Property Management

12%

$686

CapEx

4%

$229

Vacancy

3%

$171

Maintenance

4%

$229

Other

11%

$629

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