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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 -7.87% first-year return on $91,626 initial cash invested.

-7.87%

Cash On Cash

4.46%

Cap Rate

0.74

DSCR

$3,588

Rent

-$601

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,588 income − $4,189 expenses = $601 out of pocket

Income$3,588Out of Pocket$601Mortgage P&I$1,75949%Property Taxes$58516%Insurance$1223%Management$53815%CapEx$1444%Maintenance$1444%Other$89725%

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

$3,588

Total Expenses

$4,189

Mortgage P&I

49%

$1,759

Property Taxes

16%

$585

Home Insurance

3%

$122

HOA

0%

$0

Property Management

15%

$538

CapEx

4%

$144

Vacancy

0%

$0

Maintenance

4%

$144

Other

25%

$897

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