REI Lense

REI Lense

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$2,769 (target)

62-64 Shephard Ave, Newark, NJ 07112

3 beds • 3 baths • sqft

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This property looks like a bad Long-Term investment with a projected -16.98% first-year return on $125k initial cash invested.

-16.98%

Cash On Cash

2.66%

Cap Rate

0.45

DSCR

$2,769

Rent

-$1,767

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,769 income − $4,536 expenses = $1,767 out of pocket

Income$2,769Out of Pocket$1,767Mortgage P&I$2,946106%Property Taxes$66824%Insurance$2037%Management$27710%CapEx$1385%Vacancy$1666%Maintenance$1385%

Investment Breakdown

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Purchase Price

$595k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$125k

Downpayment

20%

$119k

Closing costs

1%

$5,948

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,769

Total Expenses

$4,536

Mortgage P&I

106%

$2,946

Property Taxes

24%

$668

Home Insurance

7%

$203

HOA

0%

$0

Property Management

10%

$277

CapEx

5%

$138

Vacancy

6%

$166

Maintenance

5%

$138

Other

0%

$0

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