REI Lense

REI Lense

$4,232 (target)

737 S 2nd Ave, Absecon, NJ 08205

3 beds • 2 baths • 2532 sqft

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This property might be a fair Mid-Term investment with a projected 0.62% first-year return on $100k initial cash invested.

0.62%

Cash On Cash

6.95%

Cap Rate

1.11

DSCR

$4,232

Rent

$52

Cashflow

Cash Flow

$4,232 income − $4,180 expenses = $52 cash flow

Income$4,232P&I$2,05248%Taxes$54913%Insurance$1403%Mgmt$50812%CapEx$1694%Vacancy$1273%Maint.$1694%Other$46611%Cash Flow$52

Investment Breakdown

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Purchase Price

$393k

Downpayment

20.0%

Interest Rate

6.8%

Mortgage Duration

30yr.

Cash To Invest

Total

$100k

Downpayment

20%

$78,540

Closing costs

1%

$3,927

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$4,232

Total Expenses

$4,180

Mortgage P&I

48%

$2,052

Property Taxes

13%

$549

Home Insurance

3%

$140

HOA

0%

$0

Property Management

12%

$508

CapEx

4%

$169

Vacancy

3%

$127

Maintenance

4%

$169

Other

11%

$466

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