REI Lense

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$3,543 (target)

5700 Harris Ave, Millville, NJ 08332

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Mid-Term investment with a projected -2.73% first-year return on $94,461 initial cash invested.

-2.73%

Cash On Cash

6.18%

Cap Rate

0.96

DSCR

$3,543

Rent

-$215

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,543 income − $3,758 expenses = $215 out of pocket

Income$3,543Out of Pocket$215Mortgage P&I$1,94855%Property Taxes$44413%Insurance$1615%Management$42512%CapEx$1424%Vacancy$1063%Maintenance$1424%Other$39011%

Investment Breakdown

|

Purchase Price

$364k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$94,461

Downpayment

20%

$72,820

Closing costs

1%

$3,641

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,543

Total Expenses

$3,758

Mortgage P&I

55%

$1,948

Property Taxes

13%

$444

Home Insurance

5%

$161

HOA

0%

$0

Property Management

12%

$425

CapEx

4%

$142

Vacancy

3%

$106

Maintenance

4%

$142

Other

11%

$390

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