REI Lense

REI Lense

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$3,710 (target)

44 Drake Rd, Somerset, NJ 08873

3 beds • 3 baths • 2123 sqft

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This property looks like a bad Long-Term investment with a projected -14.55% first-year return on $141k initial cash invested.

-14.55%

Cash On Cash

3.22%

Cap Rate

0.54

DSCR

$3,710

Rent

-$1,713

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,710 income − $5,423 expenses = $1,713 out of pocket

Income$3,710Out of Pocket$1,713Mortgage P&I$3,33390%Property Taxes$88624%Insurance$2386%Management$37110%CapEx$1865%Vacancy$2236%Maintenance$1865%

Investment Breakdown

|

Purchase Price

$673k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$141k

Downpayment

20%

$135k

Closing costs

1%

$6,729

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,710

Total Expenses

$5,423

Mortgage P&I

90%

$3,333

Property Taxes

24%

$886

Home Insurance

6%

$238

HOA

0%

$0

Property Management

10%

$371

CapEx

5%

$186

Vacancy

6%

$223

Maintenance

5%

$186

Other

0%

$0

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