REI Lense

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$3,260 (target)

1503 Caracara Drive, New Bern, NC 28560

3 beds • 3 baths • 1860 sqft

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This property might be a fair Mid-Term investment with a projected 2.95% first-year return on $84,528 initial cash invested.

2.95%

Cash On Cash

7.34%

Cap Rate

1.21

DSCR

$3,260

Rent

$208

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,260 income − $3,052 expenses = $208 cash flow

Income$3,260Mortgage P&I$1,60049%Property Taxes$1083%Insurance$1123%HOA$1244%Management$39112%CapEx$1304%Vacancy$983%Maintenance$1304%Other$35911%Cash Flow$208

Investment Breakdown

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Purchase Price

$317k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,528

Downpayment

20%

$63,360

Closing costs

1%

$3,168

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,260

Total Expenses

$3,052

Mortgage P&I

49%

$1,600

Property Taxes

3%

$108

Home Insurance

3%

$112

HOA

4%

$124

Property Management

12%

$391

CapEx

4%

$130

Vacancy

3%

$98

Maintenance

4%

$130

Other

11%

$359

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