REI Lense

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$5,338 (target)

64 Belmar Boulevard, Waretown, NJ 08758

3 beds • 3 baths • 3081 sqft

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This property looks like a bad Mid-Term investment with a projected -10.95% first-year return on $175k initial cash invested.

-10.95%

Cash On Cash

3.8%

Cap Rate

0.63

DSCR

$5,338

Rent

-$1,596

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,338 income − $6,934 expenses = $1,596 out of pocket

Income$5,338Out of Pocket$1,596Mortgage P&I$3,74670%Property Taxes$82615%Insurance$2665%HOA$2805%Management$64112%CapEx$2144%Vacancy$1603%Maintenance$2144%Other$58711%

Investment Breakdown

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Purchase Price

$748k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$175k

Downpayment

20%

$150k

Closing costs

1%

$7,475

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$5,338

Total Expenses

$6,934

Mortgage P&I

70%

$3,746

Property Taxes

15%

$826

Home Insurance

5%

$266

HOA

5%

$280

Property Management

12%

$641

CapEx

4%

$214

Vacancy

3%

$160

Maintenance

4%

$214

Other

11%

$587

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