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2413 Clover Ln, Millville, NJ 08332

3 beds • 3 baths • 2087 sqft

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This property looks like a bad Airbnb investment with a projected -15.19% first-year return on $107k initial cash invested.

-15.19%

Cash On Cash

2.52%

Cap Rate

0.42

DSCR

$3,326

Rent

-$1,358

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,326 income − $4,684 expenses = $1,358 out of pocket

Income$3,326Out of Pocket$1,358Mortgage P&I$2,11964%Property Taxes$79324%Insurance$1755%Management$49915%CapEx$1334%Maintenance$1334%Other$83225%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$85,060

Closing costs

1%

$4,253

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,326

Total Expenses

$4,684

Mortgage P&I

64%

$2,119

Property Taxes

24%

$793

Home Insurance

5%

$175

HOA

0%

$0

Property Management

15%

$499

CapEx

4%

$133

Vacancy

0%

$0

Maintenance

4%

$133

Other

25%

$832

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