REI Lense

REI Lense

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$3,729 (target)

37 Evans Rd, Bloomfield, NJ 07003

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -17.6% first-year return on $148k initial cash invested.

-17.6%

Cash On Cash

2.67%

Cap Rate

0.44

DSCR

$3,729

Rent

-$2,178

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,729 income − $5,907 expenses = $2,178 out of pocket

Income$3,729Out of Pocket$2,178Mortgage P&I$3,56696%Property Taxes$1,12730%Insurance$2457%Management$37310%CapEx$1865%Vacancy$2246%Maintenance$1865%

Investment Breakdown

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Purchase Price

$707k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$148k

Downpayment

20%

$141k

Closing costs

1%

$7,070

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,729

Total Expenses

$5,907

Mortgage P&I

96%

$3,566

Property Taxes

30%

$1,127

Home Insurance

7%

$245

HOA

0%

$0

Property Management

10%

$373

CapEx

5%

$186

Vacancy

6%

$224

Maintenance

5%

$186

Other

0%

$0

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