REI Lense

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$5,127 (target)

979 Lenape Dr, Cape May, NJ 08204

3 beds • 2 baths • sqft

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This property might be a fair Mid-Term investment with a projected 3.52% first-year return on $119k initial cash invested.

3.52%

Cash On Cash

7.45%

Cap Rate

1.23

DSCR

$5,127

Rent

$350

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$5,127 income − $4,777 expenses = $350 cash flow

Income$5,127Mortgage P&I$2,43748%Property Taxes$4288%Insurance$1693%Management$61512%CapEx$2054%Vacancy$1543%Maintenance$2054%Other$56411%Cash Flow$350

Investment Breakdown

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Purchase Price

$482k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$119k

Downpayment

20%

$96,400

Closing costs

1%

$4,820

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$5,127

Total Expenses

$4,777

Mortgage P&I

48%

$2,437

Property Taxes

8%

$428

Home Insurance

3%

$169

HOA

0%

$0

Property Management

12%

$615

CapEx

4%

$205

Vacancy

3%

$154

Maintenance

4%

$205

Other

11%

$564

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