REI Lense

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$3,196 (target)

707 Lakeshore Dr, Millville, NJ 08332

3 beds • 2 baths • 1300 sqft

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This property might be a fair Mid-Term investment with a projected 6.42% first-year return on $72,306 initial cash invested.

6.42%

Cash On Cash

8.61%

Cap Rate

1.38

DSCR

$3,196

Rent

$387

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,196 income − $2,809 expenses = $387 cash flow

Income$3,196Mortgage P&I$1,34042%Property Taxes$2919%Insurance$903%Management$38412%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35211%Cash Flow$387

Investment Breakdown

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Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$3,196

Total Expenses

$2,809

Mortgage P&I

42%

$1,340

Property Taxes

9%

$291

Home Insurance

3%

$90

HOA

0%

$0

Property Management

12%

$384

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$352

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