REI Lense

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$2,730 (target)

1309 Phillips Avenue, New Bern, NC 28562

3 beds • 3 baths • 2105 sqft

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This property looks like a bad Mid-Term investment with a projected -4.1% first-year return on $86,649 initial cash invested.

-4.1%

Cash On Cash

5.88%

Cap Rate

0.9

DSCR

$2,730

Rent

-$296

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,730 income − $3,026 expenses = $296 out of pocket

Income$2,730Out of Pocket$296Mortgage P&I$1,79066%Property Taxes$1987%Insurance$1104%Management$32812%CapEx$1094%Vacancy$823%Maintenance$1094%Other$30011%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,730

Total Expenses

$3,026

Mortgage P&I

66%

$1,790

Property Taxes

7%

$198

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$328

CapEx

4%

$109

Vacancy

3%

$82

Maintenance

4%

$109

Other

11%

$300

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