REI Lense

REI Lense

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$2,524 (target)

33 Race St, Bloomfield, NJ 07003

3 beds • 4 baths • sqft

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This property looks like a bad Long-Term investment with a projected -19.87% first-year return on $126k initial cash invested.

-19.87%

Cash On Cash

2.18%

Cap Rate

0.36

DSCR

$2,524

Rent

-$2,080

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,524 income − $4,604 expenses = $2,080 out of pocket

Income$2,524Out of Pocket$2,080Mortgage P&I$3,041120%Property Taxes$69828%Insurance$2108%Management$25210%CapEx$1265%Vacancy$1516%Maintenance$1265%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,981

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,524

Total Expenses

$4,604

Mortgage P&I

120%

$3,041

Property Taxes

28%

$698

Home Insurance

8%

$210

HOA

0%

$0

Property Management

10%

$252

CapEx

5%

$126

Vacancy

6%

$151

Maintenance

5%

$126

Other

0%

$0

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