REI Lense

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$3,797 (target)

6 Otter Cir, Barnegat, NJ 08005

3 beds • 3 baths • 2234 sqft

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This property looks like a bad Long-Term investment with a projected -14.5% first-year return on $130k initial cash invested.

-14.5%

Cash On Cash

3.46%

Cap Rate

0.56

DSCR

$3,797

Rent

-$1,573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,797 income − $5,370 expenses = $1,573 out of pocket

Income$3,797Out of Pocket$1,573Mortgage P&I$3,17083%Property Taxes$73719%Insurance$2807%HOA$1955%Management$38010%CapEx$1905%Vacancy$2286%Maintenance$1905%

Investment Breakdown

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Purchase Price

$620k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,200

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,797

Total Expenses

$5,370

Mortgage P&I

83%

$3,170

Property Taxes

19%

$737

Home Insurance

7%

$280

HOA

5%

$195

Property Management

10%

$380

CapEx

5%

$190

Vacancy

6%

$228

Maintenance

5%

$190

Other

0%

$0

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