REI Lense

REI Lense

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$4,790 (target)

548 Michigan Avenue, Brick, NJ 08724

3 beds • 2 baths • 1462 sqft

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This property looks like a bad Mid-Term investment with a projected -0.49% first-year return on $121k initial cash invested.

-0.49%

Cash On Cash

6.41%

Cap Rate

1.06

DSCR

$4,790

Rent

-$49

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

$121k

Downpayment

20%

$97,980

Closing costs

1%

$4,899

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,790

Total Expenses

$4,839

Mortgage P&I

52%

$2,473

Property Taxes

12%

$564

Home Insurance

4%

$172

HOA

0%

$0

Property Management

12%

$575

CapEx

4%

$192

Vacancy

3%

$144

Maintenance

4%

$192

Other

11%

$527

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