REI Lense

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$5,878 (target)

62 Heritage Drive, Howell, NJ 07731

3 beds • 3 baths • 2174 sqft

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This property looks like a bad Mid-Term investment with a projected -8.2% first-year return on $183k initial cash invested.

-8.2%

Cash On Cash

4.38%

Cap Rate

0.74

DSCR

$5,878

Rent

-$1,247

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,878 income − $7,125 expenses = $1,247 out of pocket

Income$5,878Out of Pocket$1,247Mortgage P&I$3,87266%Property Taxes$95716%Insurance$2985%Management$70512%CapEx$2354%Vacancy$1763%Maintenance$2354%Other$64711%

Investment Breakdown

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Purchase Price

$784k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$183k

Downpayment

20%

$157k

Closing costs

1%

$7,837

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,878

Total Expenses

$7,125

Mortgage P&I

66%

$3,872

Property Taxes

16%

$957

Home Insurance

5%

$298

HOA

0%

$0

Property Management

12%

$705

CapEx

4%

$235

Vacancy

3%

$176

Maintenance

4%

$235

Other

11%

$647

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