REI Lense

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$6,438 (target)

398 Reading St, Pennington, NJ 08534

3 beds • 4 baths • 1805 sqft

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This property looks like a bad Mid-Term investment with a projected -3.8% first-year return on $163k initial cash invested.

-3.8%

Cash On Cash

5.46%

Cap Rate

0.92

DSCR

$6,438

Rent

-$516

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,438 income − $6,954 expenses = $516 out of pocket

Income$6,438Out of Pocket$516Mortgage P&I$3,40153%Property Taxes$1,12317%Insurance$2404%Management$77312%CapEx$2584%Vacancy$1933%Maintenance$2584%Other$70811%

Investment Breakdown

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Purchase Price

$691k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,907

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,438

Total Expenses

$6,954

Mortgage P&I

53%

$3,401

Property Taxes

17%

$1,123

Home Insurance

4%

$240

HOA

0%

$0

Property Management

12%

$773

CapEx

4%

$258

Vacancy

3%

$193

Maintenance

4%

$258

Other

11%

$708

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