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$5,565 (target)

44 Drake Rd, Somerset, NJ 08873

3 beds • 3 baths • 2123 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $159k initial cash invested.

-5.91%

Cash On Cash

4.94%

Cap Rate

0.83

DSCR

$5,565

Rent

-$785

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,565 income − $6,350 expenses = $785 out of pocket

Income$5,565Out of Pocket$785Mortgage P&I$3,33360%Property Taxes$88616%Insurance$2384%Management$66812%CapEx$2234%Vacancy$1673%Maintenance$2234%Other$61211%

Investment Breakdown

|

Purchase Price

$673k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$135k

Closing costs

1%

$6,729

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,565

Total Expenses

$6,350

Mortgage P&I

60%

$3,333

Property Taxes

16%

$886

Home Insurance

4%

$238

HOA

0%

$0

Property Management

12%

$668

CapEx

4%

$223

Vacancy

3%

$167

Maintenance

4%

$223

Other

11%

$612

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