REI Lense

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$4,482 (target)

968 Carmel Rd, Millville, NJ 08332

3 beds • 3 baths • 1931 sqft

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This property looks like a bad Mid-Term investment with a projected -0.63% first-year return on $112k initial cash invested.

-0.63%

Cash On Cash

6.3%

Cap Rate

1.05

DSCR

$4,482

Rent

-$59

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,482 income − $4,541 expenses = $59 out of pocket

Income$4,482Out of Pocket$59Mortgage P&I$2,23150%Property Taxes$61414%Insurance$1734%Management$53812%CapEx$1794%Vacancy$1343%Maintenance$1794%Other$49311%

Investment Breakdown

|

Purchase Price

$448k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$112k

Downpayment

20%

$89,600

Closing costs

1%

$4,480

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$4,482

Total Expenses

$4,541

Mortgage P&I

50%

$2,231

Property Taxes

14%

$614

Home Insurance

4%

$173

HOA

0%

$0

Property Management

12%

$538

CapEx

4%

$179

Vacancy

3%

$134

Maintenance

4%

$179

Other

11%

$493

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