REI Lense

REI Lense

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$2,592 (target)

606 Highland Ter, Pitman, NJ 08071

3 beds • 2 baths • 1472 sqft

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This property looks like a bad Long-Term investment with a projected -13.66% first-year return on $83,622 initial cash invested.

-13.66%

Cash On Cash

3.68%

Cap Rate

0.6

DSCR

$2,592

Rent

-$952

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,592 income − $3,544 expenses = $952 out of pocket

Income$2,592Out of Pocket$952Mortgage P&I$2,04379%Property Taxes$68727%Insurance$1395%Management$25910%CapEx$1305%Vacancy$1566%Maintenance$1305%

Investment Breakdown

|

Purchase Price

$398k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,622

Downpayment

20%

$79,640

Closing costs

1%

$3,982

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,592

Total Expenses

$3,544

Mortgage P&I

79%

$2,043

Property Taxes

27%

$687

Home Insurance

5%

$139

HOA

0%

$0

Property Management

10%

$259

CapEx

5%

$130

Vacancy

6%

$156

Maintenance

5%

$130

Other

0%

$0

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