REI Lense

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$3,464 (target)

459 Mamie Drive, Brick, NJ 08723

3 beds • 2 baths • 1663 sqft

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This property looks like a bad Long-Term investment with a projected -15% first-year return on $126k initial cash invested.

-15%

Cash On Cash

3.85%

Cap Rate

0.58

DSCR

$3,464

Rent

-$1,571

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,464 income − $5,035 expenses = $1,571 out of pocket

Income$3,464Out of Pocket$1,571Mortgage P&I$3,31996%Property Taxes$62418%Insurance$1926%Management$34610%CapEx$1735%Vacancy$2086%Maintenance$1735%

Investment Breakdown

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Purchase Price

$598k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$126k

Downpayment

20%

$120k

Closing costs

1%

$5,984

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,464

Total Expenses

$5,035

Mortgage P&I

96%

$3,319

Property Taxes

18%

$624

Home Insurance

6%

$192

HOA

0%

$0

Property Management

10%

$346

CapEx

5%

$173

Vacancy

6%

$208

Maintenance

5%

$173

Other

0%

$0

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