REI Lense

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$3,762 (target)

6 Morningside Dr, Pennington, NJ 08534

3 beds • 2 baths • 1956 sqft

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This property looks like a bad Long-Term investment with a projected -15.63% first-year return on $138k initial cash invested.

-15.63%

Cash On Cash

3.12%

Cap Rate

0.51

DSCR

$3,762

Rent

-$1,802

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,762 income − $5,564 expenses = $1,802 out of pocket

Income$3,762Out of Pocket$1,802Mortgage P&I$3,32588%Property Taxes$1,03327%Insurance$2286%Management$37610%CapEx$1885%Vacancy$2266%Maintenance$1885%

Investment Breakdown

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Purchase Price

$659k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$138k

Downpayment

20%

$132k

Closing costs

1%

$6,588

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,762

Total Expenses

$5,564

Mortgage P&I

88%

$3,325

Property Taxes

27%

$1,033

Home Insurance

6%

$228

HOA

0%

$0

Property Management

10%

$376

CapEx

5%

$188

Vacancy

6%

$226

Maintenance

5%

$188

Other

0%

$0

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