REI Lense

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$2,727 (target)

608 Shunpike Rd, Cape May, NJ 08204

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -16.12% first-year return on $134k initial cash invested.

-16.12%

Cash On Cash

2.87%

Cap Rate

0.48

DSCR

$2,727

Rent

-$1,798

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,727 income − $4,525 expenses = $1,798 out of pocket

Income$2,727Out of Pocket$1,798Mortgage P&I$3,186117%Property Taxes$40215%Insurance$2288%Management$27310%CapEx$1365%Vacancy$1646%Maintenance$1365%

Investment Breakdown

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Purchase Price

$637k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$127k

Closing costs

1%

$6,373

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,727

Total Expenses

$4,525

Mortgage P&I

117%

$3,186

Property Taxes

15%

$402

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$273

CapEx

5%

$136

Vacancy

6%

$164

Maintenance

5%

$136

Other

0%

$0

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