REI Lense

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$1,820 (target)

1309 Phillips Avenue, New Bern, NC 28562

3 beds • 3 baths • 2105 sqft

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This property looks like a bad Long-Term investment with a projected -13.13% first-year return on $68,649 initial cash invested.

-13.13%

Cash On Cash

4.15%

Cap Rate

0.63

DSCR

$1,820

Rent

-$751

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,820 income − $2,571 expenses = $751 out of pocket

Income$1,820Out of Pocket$751Mortgage P&I$1,79098%Property Taxes$19811%Insurance$1106%Management$18210%CapEx$915%Vacancy$1096%Maintenance$915%

Investment Breakdown

|

Purchase Price

$327k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$68,649

Downpayment

20%

$65,380

Closing costs

1%

$3,269

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,820

Total Expenses

$2,571

Mortgage P&I

98%

$1,790

Property Taxes

11%

$198

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$182

CapEx

5%

$91

Vacancy

6%

$109

Maintenance

5%

$91

Other

0%

$0

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