REI Lense

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$3,324 (target)

2446 Clover Ln, Millville, NJ 08332

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Mid-Term investment with a projected -3.58% first-year return on $91,626 initial cash invested.

-3.58%

Cash On Cash

5.54%

Cap Rate

0.92

DSCR

$3,324

Rent

-$273

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,324 income − $3,597 expenses = $273 out of pocket

Income$3,324Out of Pocket$273Mortgage P&I$1,75953%Property Taxes$58518%Insurance$1224%Management$39912%CapEx$1334%Vacancy$1003%Maintenance$1334%Other$36611%

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,626

Downpayment

20%

$70,120

Closing costs

1%

$3,506

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,324

Total Expenses

$3,597

Mortgage P&I

53%

$1,759

Property Taxes

18%

$585

Home Insurance

4%

$122

HOA

0%

$0

Property Management

12%

$399

CapEx

4%

$133

Vacancy

3%

$100

Maintenance

4%

$133

Other

11%

$366

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