REI Lense

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$4,404 (target)

565 Rhode Island Avenue, Brick, NJ 08724

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -9.24% first-year return on $147k initial cash invested.

-9.24%

Cash On Cash

4.49%

Cap Rate

0.71

DSCR

$4,404

Rent

-$1,129

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,404 income − $5,533 expenses = $1,129 out of pocket

Income$4,404Out of Pocket$1,129Mortgage P&I$3,24274%Property Taxes$57813%Insurance$2175%Management$52812%CapEx$1764%Vacancy$1323%Maintenance$1764%Other$48411%

Investment Breakdown

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Purchase Price

$612k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$147k

Downpayment

20%

$122k

Closing costs

1%

$6,123

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,404

Total Expenses

$5,533

Mortgage P&I

74%

$3,242

Property Taxes

13%

$578

Home Insurance

5%

$217

HOA

0%

$0

Property Management

12%

$528

CapEx

4%

$176

Vacancy

3%

$132

Maintenance

4%

$176

Other

11%

$484

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