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$6,372 (target)

713 Shunpike Rd #715, Cape May, NJ 08204

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 6.9% first-year return on $134k initial cash invested.

6.9%

Cash On Cash

8.18%

Cap Rate

1.37

DSCR

$6,372

Rent

$771

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,372 income − $5,601 expenses = $771 cash flow

Income$6,372Mortgage P&I$2,73943%Property Taxes$5028%Insurance$1933%Management$76512%CapEx$2554%Vacancy$1913%Maintenance$2554%Other$70111%Cash Flow$771

Investment Breakdown

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Purchase Price

$553k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$134k

Downpayment

20%

$111k

Closing costs

1%

$5,525

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,372

Total Expenses

$5,601

Mortgage P&I

43%

$2,739

Property Taxes

8%

$502

Home Insurance

3%

$193

HOA

0%

$0

Property Management

12%

$765

CapEx

4%

$255

Vacancy

3%

$191

Maintenance

4%

$255

Other

11%

$701

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