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$5,643 (target)

6 Morningside Dr, Pennington, NJ 08534

3 beds • 2 baths • 1956 sqft

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This property looks like a bad Mid-Term investment with a projected -6.62% first-year return on $156k initial cash invested.

-6.62%

Cash On Cash

4.9%

Cap Rate

0.81

DSCR

$5,643

Rent

-$862

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,643 income − $6,505 expenses = $862 out of pocket

Income$5,643Out of Pocket$862Mortgage P&I$3,32559%Property Taxes$1,03318%Insurance$2284%Management$67712%CapEx$2264%Vacancy$1693%Maintenance$2264%Other$62111%

Investment Breakdown

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Purchase Price

$659k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$156k

Downpayment

20%

$132k

Closing costs

1%

$6,588

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,643

Total Expenses

$6,505

Mortgage P&I

59%

$3,325

Property Taxes

18%

$1,033

Home Insurance

4%

$228

HOA

0%

$0

Property Management

12%

$677

CapEx

4%

$226

Vacancy

3%

$169

Maintenance

4%

$226

Other

11%

$621

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