REI Lense

REI Lense

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$2,936 (target)

565 Rhode Island Avenue, Brick, NJ 08724

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -17.41% first-year return on $129k initial cash invested.

-17.41%

Cash On Cash

2.99%

Cap Rate

0.47

DSCR

$2,936

Rent

-$1,865

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,936 income − $4,801 expenses = $1,865 out of pocket

Income$2,936Out of Pocket$1,865Mortgage P&I$3,242110%Property Taxes$57820%Insurance$2177%Management$29410%CapEx$1475%Vacancy$1766%Maintenance$1475%

Investment Breakdown

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Purchase Price

$612k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$122k

Closing costs

1%

$6,123

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,936

Total Expenses

$4,801

Mortgage P&I

110%

$3,242

Property Taxes

20%

$578

Home Insurance

7%

$217

HOA

0%

$0

Property Management

10%

$294

CapEx

5%

$147

Vacancy

6%

$176

Maintenance

5%

$147

Other

0%

$0

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