REI Lense

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$3,797 (target)

381 Carteret Ave, Carteret, NJ 07008

3 beds • 2 baths • 1700 sqft

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This property looks like a bad Long-Term investment with a projected -9.72% first-year return on $122k initial cash invested.

-9.72%

Cash On Cash

4.37%

Cap Rate

0.73

DSCR

$3,797

Rent

-$985

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,797 income − $4,782 expenses = $985 out of pocket

Income$3,797Out of Pocket$985Mortgage P&I$2,90376%Property Taxes$68818%Insurance$2035%Management$38010%CapEx$1905%Vacancy$2286%Maintenance$1905%

Investment Breakdown

|

Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$122k

Downpayment

20%

$116k

Closing costs

1%

$5,790

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,797

Total Expenses

$4,782

Mortgage P&I

76%

$2,903

Property Taxes

18%

$688

Home Insurance

5%

$203

HOA

0%

$0

Property Management

10%

$380

CapEx

5%

$190

Vacancy

6%

$228

Maintenance

5%

$190

Other

0%

$0

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