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$4,090 (target)

608 Shunpike Rd, Cape May, NJ 08204

3 beds • 2 baths • sqft

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This property looks like a bad Mid-Term investment with a projected -8.84% first-year return on $152k initial cash invested.

-8.84%

Cash On Cash

4.2%

Cap Rate

0.7

DSCR

$4,090

Rent

-$1,118

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,090 income − $5,208 expenses = $1,118 out of pocket

Income$4,090Out of Pocket$1,118Mortgage P&I$3,18678%Property Taxes$40210%Insurance$2286%Management$49112%CapEx$1644%Vacancy$1233%Maintenance$1644%Other$45011%

Investment Breakdown

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Purchase Price

$637k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$152k

Downpayment

20%

$127k

Closing costs

1%

$6,373

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,090

Total Expenses

$5,208

Mortgage P&I

78%

$3,186

Property Taxes

10%

$402

Home Insurance

6%

$228

HOA

0%

$0

Property Management

12%

$491

CapEx

4%

$164

Vacancy

3%

$123

Maintenance

4%

$164

Other

11%

$450

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