REI Lense

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$2,216 (target)

2446 Clover Ln, Millville, NJ 08332

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Long-Term investment with a projected -13.48% first-year return on $73,626 initial cash invested.

-13.48%

Cash On Cash

3.57%

Cap Rate

0.59

DSCR

$2,216

Rent

-$827

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,216 income − $3,043 expenses = $827 out of pocket

Income$2,216Out of Pocket$827Mortgage P&I$1,75979%Property Taxes$58526%Insurance$1226%Management$22210%CapEx$1115%Vacancy$1336%Maintenance$1115%

Investment Breakdown

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Purchase Price

$351k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,626

Downpayment

20%

$70,120

Closing costs

1%

$3,506

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,216

Total Expenses

$3,043

Mortgage P&I

79%

$1,759

Property Taxes

26%

$585

Home Insurance

6%

$122

HOA

0%

$0

Property Management

10%

$222

CapEx

5%

$111

Vacancy

6%

$133

Maintenance

5%

$111

Other

0%

$0

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