REI Lense

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$3,020 (target)

117 Clearbrook Way, New Bern, NC 28562

3 beds • 2 baths • 1728 sqft

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This property looks like a bad Mid-Term investment with a projected -2.57% first-year return on $90,093 initial cash invested.

-2.57%

Cash On Cash

6.43%

Cap Rate

0.96

DSCR

$3,020

Rent

-$193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,020 income − $3,213 expenses = $193 out of pocket

Income$3,020Out of Pocket$193Mortgage P&I$1,91263%Property Taxes$1114%Insurance$1214%HOA$421%Management$36212%CapEx$1214%Vacancy$913%Maintenance$1214%Other$33211%

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

$3,020

Total Expenses

$3,213

Mortgage P&I

63%

$1,912

Property Taxes

4%

$111

Home Insurance

4%

$121

HOA

1%

$42

Property Management

12%

$362

CapEx

4%

$121

Vacancy

3%

$91

Maintenance

4%

$121

Other

11%

$332

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