REI Lense

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$3,478 (target)

61 Beverly Beach Road, Brick, NJ 08724

3 beds • 2 baths • 1796 sqft

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This property looks like a bad Long-Term investment with a projected -12.74% first-year return on $130k initial cash invested.

-12.74%

Cash On Cash

3.6%

Cap Rate

0.61

DSCR

$3,478

Rent

-$1,378

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,478 income − $4,856 expenses = $1,378 out of pocket

Income$3,478Out of Pocket$1,378Mortgage P&I$3,05988%Property Taxes$67219%Insurance$2206%Management$34810%CapEx$1745%Vacancy$2096%Maintenance$1745%

Investment Breakdown

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Purchase Price

$618k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$130k

Downpayment

20%

$124k

Closing costs

1%

$6,183

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$3,478

Total Expenses

$4,856

Mortgage P&I

88%

$3,059

Property Taxes

19%

$672

Home Insurance

6%

$220

HOA

0%

$0

Property Management

10%

$348

CapEx

5%

$174

Vacancy

6%

$209

Maintenance

5%

$174

Other

0%

$0

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