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117 Clearbrook Way, New Bern, NC 28562

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Airbnb investment with a projected -12.45% first-year return on $90,093 initial cash invested.

-12.45%

Cash On Cash

3.75%

Cap Rate

0.56

DSCR

$2,406

Rent

-$935

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,406 income − $3,341 expenses = $935 out of pocket

Income$2,406Out of Pocket$935Mortgage P&I$1,91279%Property Taxes$1115%Insurance$1215%HOA$422%Management$36115%CapEx$964%Maintenance$964%Other$60225%

Investment Breakdown

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Purchase Price

$343k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,093

Downpayment

20%

$68,660

Closing costs

1%

$3,433

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,406

Total Expenses

$3,341

Mortgage P&I

79%

$1,912

Property Taxes

5%

$111

Home Insurance

5%

$121

HOA

2%

$42

Property Management

15%

$361

CapEx

4%

$96

Vacancy

0%

$0

Maintenance

4%

$96

Other

25%

$602

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