REI Lense

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$2,287 (target)

1207 Barkentine Drive, New Bern, NC 28560

3 beds • 2 baths • 1564 sqft

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This property looks like a bad Long-Term investment with a projected -3.31% first-year return on $63,714 initial cash invested.

-3.31%

Cash On Cash

5.8%

Cap Rate

0.96

DSCR

$2,287

Rent

-$176

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,287 income − $2,463 expenses = $176 out of pocket

Income$2,287Out of Pocket$176Mortgage P&I$1,52967%Property Taxes$1065%Insurance$1105%HOA$1245%Management$22910%CapEx$1145%Vacancy$1376%Maintenance$1145%

Investment Breakdown

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Purchase Price

$303k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,714

Downpayment

20%

$60,680

Closing costs

1%

$3,034

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,287

Total Expenses

$2,463

Mortgage P&I

67%

$1,529

Property Taxes

5%

$106

Home Insurance

5%

$110

HOA

5%

$124

Property Management

10%

$229

CapEx

5%

$114

Vacancy

6%

$137

Maintenance

5%

$114

Other

0%

$0

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