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$6,342 (target)

410 Portsmouth Rd, Cape May, NJ 08204

3 beds • 2 baths • 1902 sqft

$1,342,600

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This property looks like a bad Mid-Term investment with a projected -15.75% first-year return on $300k initial cash invested.

-15.75%

Cash On Cash

2.88%

Cap Rate

0.47

DSCR

$6,342

Rent

-$3,936

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,342 income − $10,278 expenses = $3,936 out of pocket

Income$6,342Out of Pocket$3,936Mortgage P&I$6,902109%Property Taxes$73112%Insurance$4888%Management$76112%CapEx$2544%Vacancy$1903%Maintenance$2544%Other$69811%

Investment Breakdown

|

Purchase Price

$1343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$300k

Downpayment

20%

$269k

Closing costs

1%

$13,426

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$6,342

Total Expenses

$10,278

Mortgage P&I

109%

$6,902

Property Taxes

12%

$731

Home Insurance

8%

$488

HOA

0%

$0

Property Management

12%

$761

CapEx

4%

$254

Vacancy

3%

$190

Maintenance

4%

$254

Other

11%

$698

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