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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 -11.48% first-year return on $107k initial cash invested.

-11.48%

Cash On Cash

3.53%

Cap Rate

0.59

DSCR

$3,963

Rent

-$1,027

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,963 income − $4,990 expenses = $1,027 out of pocket

Income$3,963Out of Pocket$1,027Mortgage P&I$2,11953%Property Taxes$79320%Insurance$1754%Management$59415%CapEx$1594%Maintenance$1594%Other$99125%

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

$3,963

Total Expenses

$4,990

Mortgage P&I

53%

$2,119

Property Taxes

20%

$793

Home Insurance

4%

$175

HOA

0%

$0

Property Management

15%

$594

CapEx

4%

$159

Vacancy

0%

$0

Maintenance

4%

$159

Other

25%

$991

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