REI Lense

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$5,457 (target)

403 Lorraine Place, Brick, NJ 08724

3 beds • 2 baths • 1849 sqft

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This property might be a fair Mid-Term investment with a projected 0.73% first-year return on $131k initial cash invested.

0.73%

Cash On Cash

6.66%

Cap Rate

1.11

DSCR

$5,457

Rent

$80

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,457 income − $5,377 expenses = $80 cash flow

Income$5,457Mortgage P&I$2,70049%Property Taxes$60311%Insurance$2194%Management$65512%CapEx$2184%Vacancy$1643%Maintenance$2184%Other$60011%Cash Flow$80

Investment Breakdown

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Purchase Price

$540k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$131k

Downpayment

20%

$108k

Closing costs

1%

$5,403

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,457

Total Expenses

$5,377

Mortgage P&I

49%

$2,700

Property Taxes

11%

$603

Home Insurance

4%

$219

HOA

0%

$0

Property Management

12%

$655

CapEx

4%

$218

Vacancy

3%

$164

Maintenance

4%

$218

Other

11%

$600

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