REI Lense

REI Lense

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$2,131 (target)

707 Lakeshore Dr, Millville, NJ 08332

3 beds • 2 baths • 1300 sqft

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This property looks like a bad Long-Term investment with a projected -3.2% first-year return on $54,306 initial cash invested.

-3.2%

Cash On Cash

6.04%

Cap Rate

0.97

DSCR

$2,131

Rent

-$145

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,131 income − $2,276 expenses = $145 out of pocket

Income$2,131Out of Pocket$145Mortgage P&I$1,34063%Property Taxes$29114%Insurance$904%Management$21310%CapEx$1075%Vacancy$1286%Maintenance$1075%

Investment Breakdown

|

Purchase Price

$259k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$54,306

Downpayment

20%

$51,720

Closing costs

1%

$2,586

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,131

Total Expenses

$2,276

Mortgage P&I

63%

$1,340

Property Taxes

14%

$291

Home Insurance

4%

$90

HOA

0%

$0

Property Management

10%

$213

CapEx

5%

$107

Vacancy

6%

$128

Maintenance

5%

$107

Other

0%

$0

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