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1820 Caracara Drive, New Bern, NC 28560

3 beds • 2 baths • 1434 sqft

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This property looks like a bad Airbnb investment with a projected -10.16% first-year return on $77,388 initial cash invested.

-10.16%

Cash On Cash

3.5%

Cap Rate

0.59

DSCR

$2,021

Rent

-$655

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,021 income − $2,676 expenses = $655 out of pocket

Income$2,021Out of Pocket$655Mortgage P&I$1,40069%Property Taxes$814%Insurance$1015%HOA$1246%Management$30315%CapEx$814%Maintenance$814%Other$50525%

Investment Breakdown

|

Purchase Price

$283k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$77,388

Downpayment

20%

$56,560

Closing costs

1%

$2,828

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,021

Total Expenses

$2,676

Mortgage P&I

69%

$1,400

Property Taxes

4%

$81

Home Insurance

5%

$101

HOA

6%

$124

Property Management

15%

$303

CapEx

4%

$81

Vacancy

0%

$0

Maintenance

4%

$81

Other

25%

$505

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