REI Lense

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$5,738 (target)

9 Florence Dr, Parlin, NJ 08859

3 beds • 2 baths • 0 sqft

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This property looks like a bad Mid-Term investment with a projected -2.13% first-year return on $142k initial cash invested.

-2.13%

Cash On Cash

6.31%

Cap Rate

0.99

DSCR

$5,738

Rent

-$252

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,738 income − $5,990 expenses = $252 out of pocket

Income$5,738Out of Pocket$252Mortgage P&I$3,11954%Property Taxes$71312%Insurance$2064%Management$68912%CapEx$2304%Vacancy$1723%Maintenance$2304%Other$63111%

Investment Breakdown

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Purchase Price

$589k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$142k

Downpayment

20%

$118k

Closing costs

1%

$5,890

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$5,738

Total Expenses

$5,990

Mortgage P&I

54%

$3,119

Property Taxes

12%

$713

Home Insurance

4%

$206

HOA

0%

$0

Property Management

12%

$689

CapEx

4%

$230

Vacancy

3%

$172

Maintenance

4%

$230

Other

11%

$631

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