REI Lense

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$7,910 (target)

31 N Cherokee Lane, Brick, NJ 08724

3 beds • 3 baths • 2075 sqft

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This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $172k initial cash invested.

3.52%

Cash On Cash

7.52%

Cap Rate

1.22

DSCR

$7,910

Rent

$504

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,910 income − $7,406 expenses = $504 cash flow

Income$7,910Mortgage P&I$3,76948%Property Taxes$6909%Insurance$2593%Management$94912%CapEx$3164%Vacancy$2373%Maintenance$3164%Other$87011%Cash Flow$504

Investment Breakdown

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Purchase Price

$732k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$172k

Downpayment

20%

$146k

Closing costs

1%

$7,321

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$7,910

Total Expenses

$7,406

Mortgage P&I

48%

$3,769

Property Taxes

9%

$690

Home Insurance

3%

$259

HOA

0%

$0

Property Management

12%

$949

CapEx

4%

$316

Vacancy

3%

$237

Maintenance

4%

$316

Other

11%

$870

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