REI Lense

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$6,196 (target)

42 Hanover Pl, Wayne, NJ 07470

3 beds • 3 baths • 1614 sqft

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This property looks like a bad Mid-Term investment with a projected -5.83% first-year return on $165k initial cash invested.

-5.83%

Cash On Cash

5.16%

Cap Rate

0.84

DSCR

$6,196

Rent

-$800

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,196 income − $6,996 expenses = $800 out of pocket

Income$6,196Out of Pocket$800Mortgage P&I$3,55657%Property Taxes$1,08718%Insurance$2454%Management$74412%CapEx$2484%Vacancy$1863%Maintenance$2484%Other$68211%

Investment Breakdown

|

Purchase Price

$699k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$165k

Downpayment

20%

$140k

Closing costs

1%

$6,990

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,196

Total Expenses

$6,996

Mortgage P&I

57%

$3,556

Property Taxes

18%

$1,087

Home Insurance

4%

$245

HOA

0%

$0

Property Management

12%

$744

CapEx

4%

$248

Vacancy

3%

$186

Maintenance

4%

$248

Other

11%

$682

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