REI Lense

REI Lense

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$4,441 (target)

329 Glen Rd, Sparta, NJ 07871

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -12.79% first-year return on $147k initial cash invested.

-12.79%

Cash On Cash

3.79%

Cap Rate

0.62

DSCR

$4,441

Rent

-$1,565

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,441 income − $6,006 expenses = $1,565 out of pocket

Income$4,441Out of Pocket$1,565Mortgage P&I$3,54980%Property Taxes$1,05824%Insurance$2456%Management$44410%CapEx$2225%Vacancy$2666%Maintenance$2225%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,441

Total Expenses

$6,006

Mortgage P&I

80%

$3,549

Property Taxes

24%

$1,058

Home Insurance

6%

$245

HOA

0%

$0

Property Management

10%

$444

CapEx

5%

$222

Vacancy

6%

$266

Maintenance

5%

$222

Other

0%

$0

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