REI Lense

REI Lense

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$3,384 (target)

60 Pelican Drive, Bayville, NJ 08721

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -6.45% first-year return on $99,750 initial cash invested.

-6.45%

Cash On Cash

5.05%

Cap Rate

0.84

DSCR

$3,384

Rent

-$536

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,384 income − $3,920 expenses = $536 out of pocket

Income$3,384Out of Pocket$536Mortgage P&I$2,36770%Property Taxes$50815%Insurance$1665%Management$33810%CapEx$1695%Vacancy$2036%Maintenance$1695%

Investment Breakdown

|

Purchase Price

$475k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$99,750

Downpayment

20%

$95,000

Closing costs

1%

$4,750

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,384

Total Expenses

$3,920

Mortgage P&I

70%

$2,367

Property Taxes

15%

$508

Home Insurance

5%

$166

HOA

0%

$0

Property Management

10%

$338

CapEx

5%

$169

Vacancy

6%

$203

Maintenance

5%

$169

Other

0%

$0

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