REI Lense

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$5,128 (target)

9 Elridge Pl, Willingboro, NJ 08046

3 beds • 2 baths • 1438 sqft

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This property could be a profitable Mid-Term investment with a projected 15.9% first-year return on $85,158 initial cash invested.

15.9%

Cash On Cash

10.98%

Cap Rate

1.84

DSCR

$5,128

Rent

$1,128

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,128 income − $4,000 expenses = $1,128 cash flow

Income$5,128Mortgage P&I$1,59331%Property Taxes$56411%Insurance$1002%Management$61512%CapEx$2054%Vacancy$1543%Maintenance$2054%Other$56411%Cash Flow$1,128

Investment Breakdown

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Purchase Price

$320k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,158

Downpayment

20%

$63,960

Closing costs

1%

$3,198

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$5,128

Total Expenses

$4,000

Mortgage P&I

31%

$1,593

Property Taxes

11%

$564

Home Insurance

2%

$100

HOA

0%

$0

Property Management

12%

$615

CapEx

4%

$205

Vacancy

3%

$154

Maintenance

4%

$205

Other

11%

$564

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