REI Lense

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$4,881 (target)

58 Parkway Drive, Brick, NJ 08723

3 beds • 2 baths • 1780 sqft

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This property looks like a bad Mid-Term investment with a projected -2.14% first-year return on $123k initial cash invested.

-2.14%

Cash On Cash

6.3%

Cap Rate

0.99

DSCR

$4,881

Rent

-$220

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,881 income − $5,101 expenses = $220 out of pocket

Income$4,881Out of Pocket$220Mortgage P&I$2,65854%Property Taxes$56412%Insurance$2205%Management$58612%CapEx$1954%Vacancy$1463%Maintenance$1954%Other$53711%

Investment Breakdown

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Purchase Price

$502k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$123k

Downpayment

20%

$100k

Closing costs

1%

$5,015

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,881

Total Expenses

$5,101

Mortgage P&I

54%

$2,658

Property Taxes

12%

$564

Home Insurance

5%

$220

HOA

0%

$0

Property Management

12%

$586

CapEx

4%

$195

Vacancy

3%

$146

Maintenance

4%

$195

Other

11%

$537

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