REI Lense

REI Lense

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$6,506 (target)

64 High St, Metuchen, NJ 08840

3 beds • 2 baths • 2328 sqft

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This property looks like a bad Mid-Term investment with a projected -12.31% first-year return on $217k initial cash invested.

-12.31%

Cash On Cash

3.63%

Cap Rate

0.59

DSCR

$6,506

Rent

-$2,229

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,506 income − $8,735 expenses = $2,229 out of pocket

Income$6,506Out of Pocket$2,229Mortgage P&I$4,83974%Property Taxes$1,35221%Insurance$3325%Management$78112%CapEx$2604%Vacancy$1953%Maintenance$2604%Other$71611%

Investment Breakdown

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Purchase Price

$949k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$217k

Downpayment

20%

$190k

Closing costs

1%

$9,490

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$6,506

Total Expenses

$8,735

Mortgage P&I

74%

$4,839

Property Taxes

21%

$1,352

Home Insurance

5%

$332

HOA

0%

$0

Property Management

12%

$781

CapEx

4%

$260

Vacancy

3%

$195

Maintenance

4%

$260

Other

11%

$716

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