REI Lense

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$3,352 (target)

33 Burns Rd, Millville, NJ 08332

3 beds • 2 baths • 1394 sqft

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This property looks like a bad Mid-Term investment with a projected -1.08% first-year return on $86,376 initial cash invested.

-1.08%

Cash On Cash

6.48%

Cap Rate

1.03

DSCR

$3,352

Rent

-$78

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,352 income − $3,430 expenses = $78 out of pocket

Income$3,352Out of Pocket$78Mortgage P&I$1,70251%Property Taxes$47414%Insurance$1143%Management$40212%CapEx$1344%Vacancy$1013%Maintenance$1344%Other$36911%

Investment Breakdown

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Purchase Price

$326k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,376

Downpayment

20%

$65,120

Closing costs

1%

$3,256

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,352

Total Expenses

$3,430

Mortgage P&I

51%

$1,702

Property Taxes

14%

$474

Home Insurance

3%

$114

HOA

0%

$0

Property Management

12%

$402

CapEx

4%

$134

Vacancy

3%

$101

Maintenance

4%

$134

Other

11%

$369

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