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$7,170 (target)

603 Point Avenue, Brick, NJ 08724

3 beds • 3 baths • 936 sqft

$1,315,300

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This property looks like a bad Mid-Term investment with a projected -20.2% first-year return on $294k initial cash invested.

-20.2%

Cash On Cash

1.92%

Cap Rate

0.31

DSCR

$7,170

Rent

-$4,953

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$7,170 income − $12,123 expenses = $4,953 out of pocket

Income$7,170Out of Pocket$4,953Mortgage P&I$6,77194%Property Taxes$2,43334%Insurance$4817%Management$86012%CapEx$2874%Vacancy$2153%Maintenance$2874%Other$78911%

Investment Breakdown

|

Purchase Price

$1315k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$294k

Downpayment

20%

$263k

Closing costs

1%

$13,153

Rehab

0%

$0

Furnishing

1%

$18,000

Cashflow

Total Income

$7,170

Total Expenses

$12,123

Mortgage P&I

94%

$6,771

Property Taxes

34%

$2,433

Home Insurance

7%

$481

HOA

0%

$0

Property Management

12%

$860

CapEx

4%

$287

Vacancy

3%

$215

Maintenance

4%

$287

Other

11%

$789

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