REI Lense

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$4,514 (target)

6 Locust Dr, Northfield, NJ 08225

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 5.97% first-year return on $90,093 initial cash invested.

5.97%

Cash On Cash

8.42%

Cap Rate

1.35

DSCR

$4,514

Rent

$448

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,514 income − $4,066 expenses = $448 cash flow

Income$4,514Mortgage P&I$1,77939%Property Taxes$63014%Insurance$1213%Management$54212%CapEx$1814%Vacancy$1353%Maintenance$1814%Other$49711%Cash Flow$448

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,093

Downpayment

20%

$68,660

Closing costs

1%

$3,433

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,514

Total Expenses

$4,066

Mortgage P&I

39%

$1,779

Property Taxes

14%

$630

Home Insurance

3%

$121

HOA

0%

$0

Property Management

12%

$542

CapEx

4%

$181

Vacancy

3%

$135

Maintenance

4%

$181

Other

11%

$497

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