REI Lense

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$6,249 (target)

8 Forsgate Drive, Freehold, NJ 07728

3 beds • 3 baths • 1762 sqft

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This property looks like a bad Mid-Term investment with a projected -2.47% first-year return on $161k initial cash invested.

-2.47%

Cash On Cash

5.96%

Cap Rate

0.98

DSCR

$6,249

Rent

-$330

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$6,249 income − $6,579 expenses = $330 out of pocket

Income$6,249Out of Pocket$330Mortgage P&I$3,45455%Property Taxes$76312%Insurance$2384%Management$75012%CapEx$2504%Vacancy$1873%Maintenance$2504%Other$68711%

Investment Breakdown

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Purchase Price

$679k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$161k

Downpayment

20%

$136k

Closing costs

1%

$6,790

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$6,249

Total Expenses

$6,579

Mortgage P&I

55%

$3,454

Property Taxes

12%

$763

Home Insurance

4%

$238

HOA

0%

$0

Property Management

12%

$750

CapEx

4%

$250

Vacancy

3%

$187

Maintenance

4%

$250

Other

11%

$687

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