REI Lense

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$5,846 (target)

7 Conerly Rd, Somerset, NJ 08873

3 beds • 3 baths • 1984 sqft

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This property looks like a bad Mid-Term investment with a projected -4.86% first-year return on $159k initial cash invested.

-4.86%

Cash On Cash

5.33%

Cap Rate

0.88

DSCR

$5,846

Rent

-$644

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,846 income − $6,490 expenses = $644 out of pocket

Income$5,846Out of Pocket$644Mortgage P&I$3,39858%Property Taxes$88415%Insurance$2204%Management$70212%CapEx$2344%Vacancy$1753%Maintenance$2344%Other$64311%

Investment Breakdown

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Purchase Price

$672k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$159k

Downpayment

20%

$134k

Closing costs

1%

$6,722

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,846

Total Expenses

$6,490

Mortgage P&I

58%

$3,398

Property Taxes

15%

$884

Home Insurance

4%

$220

HOA

0%

$0

Property Management

12%

$702

CapEx

4%

$234

Vacancy

3%

$175

Maintenance

4%

$234

Other

11%

$643

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