REI Lense

REI Lense

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$3,126 (target)

528 Pitman Ave, Pitman, NJ 08071

3 beds • 2 baths • 1193 sqft

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This property looks like a bad Long-Term investment with a projected -11.14% first-year return on $89,964 initial cash invested.

-11.14%

Cash On Cash

4.25%

Cap Rate

0.69

DSCR

$3,126

Rent

-$835

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,126 income − $3,961 expenses = $835 out of pocket

Income$3,126Out of Pocket$835Mortgage P&I$2,19770%Property Taxes$81126%Insurance$1404%Management$31310%CapEx$1565%Vacancy$1886%Maintenance$1565%

Investment Breakdown

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Purchase Price

$428k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,964

Downpayment

20%

$85,680

Closing costs

1%

$4,284

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,126

Total Expenses

$3,961

Mortgage P&I

70%

$2,197

Property Taxes

26%

$811

Home Insurance

4%

$140

HOA

0%

$0

Property Management

10%

$313

CapEx

5%

$156

Vacancy

6%

$188

Maintenance

5%

$156

Other

0%

$0

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