REI Lense

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$2,648 (target)

2413 Clover Ln, Millville, NJ 08332

3 beds • 3 baths • 2087 sqft

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This property looks like a bad Long-Term investment with a projected -15.14% first-year return on $89,313 initial cash invested.

-15.14%

Cash On Cash

3.17%

Cap Rate

0.53

DSCR

$2,648

Rent

-$1,127

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,648 income − $3,775 expenses = $1,127 out of pocket

Income$2,648Out of Pocket$1,127Mortgage P&I$2,11980%Property Taxes$79330%Insurance$1757%Management$26510%CapEx$1325%Vacancy$1596%Maintenance$1325%

Investment Breakdown

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Purchase Price

$425k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$89,313

Downpayment

20%

$85,060

Closing costs

1%

$4,253

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,648

Total Expenses

$3,775

Mortgage P&I

80%

$2,119

Property Taxes

30%

$793

Home Insurance

7%

$175

HOA

0%

$0

Property Management

10%

$265

CapEx

5%

$132

Vacancy

6%

$159

Maintenance

5%

$132

Other

0%

$0

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