REI Lense

REI Lense

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$3,659 (target)

378 Ridge Rd, Newton, NJ 07860

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -16.4% first-year return on $139k initial cash invested.

-16.4%

Cash On Cash

2.99%

Cap Rate

0.49

DSCR

$3,659

Rent

-$1,906

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,659 income − $5,565 expenses = $1,906 out of pocket

Income$3,659Out of Pocket$1,906Mortgage P&I$3,37992%Property Taxes$1,00127%Insurance$2336%Management$36610%CapEx$1835%Vacancy$2206%Maintenance$1835%

Investment Breakdown

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Purchase Price

$664k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$133k

Closing costs

1%

$6,642

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,659

Total Expenses

$5,565

Mortgage P&I

92%

$3,379

Property Taxes

27%

$1,001

Home Insurance

6%

$233

HOA

0%

$0

Property Management

10%

$366

CapEx

5%

$183

Vacancy

6%

$220

Maintenance

5%

$183

Other

0%

$0

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