REI Lense

REI Lense

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$2,018 (target)

420 Oak St E, Millville, NJ 08332

3 beds • 2 baths • 1388 sqft

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This property could be a profitable Long-Term investment with a projected 24.51% first-year return on $28,938 initial cash invested.

24.51%

Cash On Cash

12.12%

Cap Rate

1.99

DSCR

$2,018

Rent

$591

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,018 income − $1,427 expenses = $591 cash flow

Income$2,018Mortgage P&I$70035%Property Taxes$1588%Insurance$442%Management$20210%CapEx$1015%Vacancy$1216%Maintenance$1015%Cash Flow$591

Investment Breakdown

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Purchase Price

$138k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$28,938

Downpayment

20%

$27,560

Closing costs

1%

$1,378

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,018

Total Expenses

$1,427

Mortgage P&I

35%

$700

Property Taxes

8%

$158

Home Insurance

2%

$44

HOA

0%

$0

Property Management

10%

$202

CapEx

5%

$101

Vacancy

6%

$121

Maintenance

5%

$101

Other

0%

$0

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