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309 Ginger Drive, New Bern, NC 28560

3 beds • 2 baths • 1892 sqft

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This property looks like a bad Airbnb investment with a projected -7.3% first-year return on $82,302 initial cash invested.

-7.3%

Cash On Cash

4.42%

Cap Rate

0.74

DSCR

$2,630

Rent

-$501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,630 income − $3,131 expenses = $501 out of pocket

Income$2,630Out of Pocket$501Mortgage P&I$1,52358%Property Taxes$1887%Insurance$1205%HOA$381%Management$39415%CapEx$1054%Maintenance$1054%Other$65825%

Investment Breakdown

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Purchase Price

$306k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$82,302

Downpayment

20%

$61,240

Closing costs

1%

$3,062

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,630

Total Expenses

$3,131

Mortgage P&I

58%

$1,523

Property Taxes

7%

$188

Home Insurance

5%

$120

HOA

1%

$38

Property Management

15%

$394

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$658

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