REI Lense

REI Lense

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$4,248 (target)

713 Shunpike Rd #715, Cape May, NJ 08204

3 beds • 2 baths • sqft

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This property looks like a bad Long-Term investment with a projected -3% first-year return on $116k initial cash invested.

-3%

Cash On Cash

5.78%

Cap Rate

0.97

DSCR

$4,248

Rent

-$290

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,248 income − $4,538 expenses = $290 out of pocket

Income$4,248Out of Pocket$290Mortgage P&I$2,73964%Property Taxes$50212%Insurance$1935%Management$42510%CapEx$2125%Vacancy$2556%Maintenance$2125%

Investment Breakdown

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Purchase Price

$553k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$116k

Downpayment

20%

$111k

Closing costs

1%

$5,525

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$4,248

Total Expenses

$4,538

Mortgage P&I

64%

$2,739

Property Taxes

12%

$502

Home Insurance

5%

$193

HOA

0%

$0

Property Management

10%

$425

CapEx

5%

$212

Vacancy

6%

$255

Maintenance

5%

$212

Other

0%

$0

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