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2446 Clover Ln, Millville, NJ 08332

3 beds • 2 baths • 1647 sqft

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This property looks like a bad Airbnb investment with a projected -7.7% first-year return on $91,626 initial cash invested.

-7.7%

Cash On Cash

4.5%

Cap Rate

0.75

DSCR

$3,611

Rent

-$588

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,611 income − $4,199 expenses = $588 out of pocket

Income$3,611Out of Pocket$588Mortgage P&I$1,75949%Property Taxes$58516%Insurance$1223%Management$54215%CapEx$1444%Maintenance$1444%Other$90325%

Investment Breakdown

|

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

$3,611

Total Expenses

$4,199

Mortgage P&I

49%

$1,759

Property Taxes

16%

$585

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$542

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$903

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