REI Lense

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$5,196 (target)

459 Mamie Drive, Brick, NJ 08723

3 beds • 2 baths • 1663 sqft

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This property looks like a bad Mid-Term investment with a projected -5.91% first-year return on $144k initial cash invested.

-5.91%

Cash On Cash

5.66%

Cap Rate

0.85

DSCR

$5,196

Rent

-$707

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,196 income − $5,903 expenses = $707 out of pocket

Income$5,196Out of Pocket$707Mortgage P&I$3,31964%Property Taxes$62412%Insurance$1924%Management$62412%CapEx$2084%Vacancy$1563%Maintenance$2084%Other$57211%

Investment Breakdown

|

Purchase Price

$598k

Downpayment

20.0%

Interest Rate

7.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$144k

Downpayment

20%

$120k

Closing costs

1%

$5,984

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,196

Total Expenses

$5,903

Mortgage P&I

64%

$3,319

Property Taxes

12%

$624

Home Insurance

4%

$192

HOA

0%

$0

Property Management

12%

$624

CapEx

4%

$208

Vacancy

3%

$156

Maintenance

4%

$208

Other

11%

$572

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