REI Lense

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$4,880 (target)

319 Madison Ave, Pitman, NJ 08071

3 beds • 3 baths • 2448 sqft

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This property might be a fair Mid-Term investment with a projected 5.27% first-year return on $104k initial cash invested.

5.27%

Cash On Cash

8.01%

Cap Rate

1.31

DSCR

$4,880

Rent

$455

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,880 income − $4,425 expenses = $455 cash flow

Income$4,880Mortgage P&I$2,06742%Property Taxes$55011%Insurance$1493%Management$58612%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53711%Cash Flow$455

Investment Breakdown

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Purchase Price

$407k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$104k

Downpayment

20%

$81,440

Closing costs

1%

$4,072

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,880

Total Expenses

$4,425

Mortgage P&I

42%

$2,067

Property Taxes

11%

$550

Home Insurance

3%

$149

HOA

0%

$0

Property Management

12%

$586

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$537

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