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216 Jones Street, New Bern, NC 28562

3 beds • 2 baths • 1144 sqft

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This property looks like a bad Airbnb investment with a projected -0.37% first-year return on $78,585 initial cash invested.

-0.37%

Cash On Cash

6.3%

Cap Rate

1.07

DSCR

$3,057

Rent

-$24

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,057 income − $3,081 expenses = $24 out of pocket

Income$3,057Out of Pocket$24Mortgage P&I$1,41746%Property Taxes$953%Insurance$1023%Management$45915%CapEx$1224%Maintenance$1224%Other$76425%

Investment Breakdown

|

Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,585

Downpayment

20%

$57,700

Closing costs

1%

$2,885

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$3,057

Total Expenses

$3,081

Mortgage P&I

46%

$1,417

Property Taxes

3%

$95

Home Insurance

3%

$102

HOA

0%

$0

Property Management

15%

$459

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$764

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