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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 -5.72% first-year return on $82,302 initial cash invested.

-5.72%

Cash On Cash

4.88%

Cap Rate

0.82

DSCR

$2,841

Rent

-$392

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,841

Total Expenses

$3,233

Mortgage P&I

54%

$1,523

Property Taxes

7%

$188

Home Insurance

4%

$120

HOA

1%

$38

Property Management

15%

$426

CapEx

4%

$114

Vacancy

0%

$0

Maintenance

4%

$114

Other

25%

$710

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