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$4,228 (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 Long-Term investment with a projected -21.25% first-year return on $282k initial cash invested.

-21.25%

Cash On Cash

1.9%

Cap Rate

0.31

DSCR

$4,228

Rent

-$4,992

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,228 income − $9,220 expenses = $4,992 out of pocket

Income$4,228Out of Pocket$4,992Mortgage P&I$6,902163%Property Taxes$73117%Insurance$48812%Management$42310%CapEx$2115%Vacancy$2546%Maintenance$2115%

Investment Breakdown

|

Purchase Price

$1343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$282k

Downpayment

20%

$269k

Closing costs

1%

$13,426

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,228

Total Expenses

$9,220

Mortgage P&I

163%

$6,902

Property Taxes

17%

$731

Home Insurance

12%

$488

HOA

0%

$0

Property Management

10%

$423

CapEx

5%

$211

Vacancy

6%

$254

Maintenance

5%

$211

Other

0%

$0

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