REI Lense

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$3,027 (target)

420 Oak St E, Millville, NJ 08332

3 beds • 2 baths • 1388 sqft

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This property could be a profitable Mid-Term investment with a projected 28.02% first-year return on $46,938 initial cash invested.

28.02%

Cash On Cash

16.69%

Cap Rate

2.74

DSCR

$3,027

Rent

$1,096

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,027 income − $1,931 expenses = $1,096 cash flow

Income$3,027Mortgage P&I$70023%Property Taxes$1585%Insurance$441%Management$36312%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33311%Cash Flow$1,096

Investment Breakdown

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Purchase Price

$138k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$46,938

Downpayment

20%

$27,560

Closing costs

1%

$1,378

Rehab

0%

$0

Furnishing

13%

$18,000

Cashflow

Total Income

$3,027

Total Expenses

$1,931

Mortgage P&I

23%

$700

Property Taxes

5%

$158

Home Insurance

1%

$44

HOA

0%

$0

Property Management

12%

$363

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$333

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