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$3,430 (target)

1207 Barkentine Drive, New Bern, NC 28560

3 beds • 2 baths • 1564 sqft

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This property might be a fair Mid-Term investment with a projected 5.8% first-year return on $81,714 initial cash invested.

5.8%

Cash On Cash

8.15%

Cap Rate

1.35

DSCR

$3,430

Rent

$395

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,430 income − $3,035 expenses = $395 cash flow

Income$3,430Mortgage P&I$1,52945%Property Taxes$1063%Insurance$1103%HOA$1244%Management$41212%CapEx$1374%Vacancy$1033%Maintenance$1374%Other$37711%Cash Flow$395

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$81,714

Downpayment

20%

$60,680

Closing costs

1%

$3,034

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,430

Total Expenses

$3,035

Mortgage P&I

45%

$1,529

Property Taxes

3%

$106

Home Insurance

3%

$110

HOA

4%

$124

Property Management

12%

$412

CapEx

4%

$137

Vacancy

3%

$103

Maintenance

4%

$137

Other

11%

$377

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