REI Lense

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$6,662 (target)

329 Glen 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 -3.31% first-year return on $165k initial cash invested.

-3.31%

Cash On Cash

5.77%

Cap Rate

0.95

DSCR

$6,662

Rent

-$454

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,662 income − $7,116 expenses = $454 out of pocket

Income$6,662Out of Pocket$454Mortgage P&I$3,54953%Property Taxes$1,05816%Insurance$2454%Management$79912%CapEx$2664%Vacancy$2003%Maintenance$2664%Other$73311%

Investment Breakdown

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Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,662

Total Expenses

$7,116

Mortgage P&I

53%

$3,549

Property Taxes

16%

$1,058

Home Insurance

4%

$245

HOA

0%

$0

Property Management

12%

$799

CapEx

4%

$266

Vacancy

3%

$200

Maintenance

4%

$266

Other

11%

$733

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