REI Lense

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$5,406 (target)

62 Cape Woods Rd, Cape May, NJ 08204

beds • baths • 1310 sqft

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This property might be a fair Mid-Term investment with a projected 0.94% first-year return on $121k initial cash invested.

0.94%

Cash On Cash

6.64%

Cap Rate

1.11

DSCR

$5,406

Rent

$95

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,406 income − $5,311 expenses = $95 cash flow

Income$5,406Mortgage P&I$2,88053%Property Taxes$3917%Insurance$2024%Management$64912%CapEx$2164%Vacancy$1623%Maintenance$2164%Other$59511%Cash Flow$95

Investment Breakdown

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Purchase Price

$576k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$115k

Closing costs

1%

$5,764

Rehab

0%

$0

Furnishing

0%

$1

Cashflow

Total Income

$5,406

Total Expenses

$5,311

Mortgage P&I

53%

$2,880

Property Taxes

7%

$391

Home Insurance

4%

$202

HOA

0%

$0

Property Management

12%

$649

CapEx

4%

$216

Vacancy

3%

$162

Maintenance

4%

$216

Other

11%

$595

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