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214 Derby Park Avenue, New Bern, NC 28562

3 beds • 2 baths • 1270 sqft

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This property looks like a bad Airbnb investment with a projected -1.68% first-year return on $72,663 initial cash invested.

-1.68%

Cash On Cash

5.97%

Cap Rate

1.01

DSCR

$2,777

Rent

-$102

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,777 income − $2,879 expenses = $102 out of pocket

Income$2,777Out of Pocket$102Mortgage P&I$1,28546%Property Taxes$1455%Insurance$913%HOA$251%Management$41715%CapEx$1114%Maintenance$1114%Other$69425%

Investment Breakdown

|

Purchase Price

$260k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$72,663

Downpayment

20%

$52,060

Closing costs

1%

$2,603

Rehab

0%

$0

Furnishing

7%

$18,000

Cashflow

Total Income

$2,777

Total Expenses

$2,879

Mortgage P&I

46%

$1,285

Property Taxes

5%

$145

Home Insurance

3%

$91

HOA

1%

$25

Property Management

15%

$417

CapEx

4%

$111

Vacancy

0%

$0

Maintenance

4%

$111

Other

25%

$694

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