REI Lense

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$5,655 (target)

41 Cherokee Ave, Rockaway, NJ 07866

3 beds • 2 baths • 1510 sqft

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This property looks like a bad Mid-Term investment with a projected -0.2% first-year return on $126k initial cash invested.

-0.2%

Cash On Cash

6.7%

Cap Rate

1.08

DSCR

$5,655

Rent

-$21

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,655 income − $5,676 expenses = $21 out of pocket

Income$5,655Out of Pocket$21Mortgage P&I$2,67547%Property Taxes$82215%Insurance$1753%HOA$811%Management$67912%CapEx$2264%Vacancy$1703%Maintenance$2264%Other$62211%

Investment Breakdown

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Purchase Price

$516k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$103k

Closing costs

1%

$5,161

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,655

Total Expenses

$5,676

Mortgage P&I

47%

$2,675

Property Taxes

15%

$822

Home Insurance

3%

$175

HOA

1%

$81

Property Management

12%

$679

CapEx

4%

$226

Vacancy

3%

$170

Maintenance

4%

$226

Other

11%

$622

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