REI Lense

REI Lense

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$2,885 (target)

66 Morris Ct, South Amboy, NJ 08879

3 beds • 3 baths • 1976 sqft

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This property looks like a bad Long-Term investment with a projected -21.5% first-year return on $137k initial cash invested.

-21.5%

Cash On Cash

1.88%

Cap Rate

0.31

DSCR

$2,885

Rent

-$2,462

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,885 income − $5,347 expenses = $2,462 out of pocket

Income$2,885Out of Pocket$2,462Mortgage P&I$3,345116%Property Taxes$1,02536%Insurance$2288%Management$28810%CapEx$1445%Vacancy$1736%Maintenance$1445%

Investment Breakdown

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Purchase Price

$655k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$137k

Downpayment

20%

$131k

Closing costs

1%

$6,545

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,885

Total Expenses

$5,347

Mortgage P&I

116%

$3,345

Property Taxes

36%

$1,025

Home Insurance

8%

$228

HOA

0%

$0

Property Management

10%

$288

CapEx

5%

$144

Vacancy

6%

$173

Maintenance

5%

$144

Other

0%

$0

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