REI Lense

REI Lense

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$3,193 (target)

548 Michigan Avenue, Brick, NJ 08724

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Long-Term investment with a projected -9.88% first-year return on $103k initial cash invested.

-9.88%

Cash On Cash

4.37%

Cap Rate

0.72

DSCR

$3,193

Rent

-$847

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$490k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$97,980

Closing costs

1%

$4,899

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,193

Total Expenses

$4,040

Mortgage P&I

77%

$2,473

Property Taxes

18%

$564

Home Insurance

5%

$172

HOA

0%

$0

Property Management

10%

$319

CapEx

5%

$160

Vacancy

6%

$192

Maintenance

5%

$160

Other

0%

$0

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