REI Lense

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$3,232 (target)

3246 Austin Avenue, New Bern, NC 28562

3 beds • 2 baths • 1758 sqft

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This property might be a fair Mid-Term investment with a projected 0.37% first-year return on $88,308 initial cash invested.

0.37%

Cash On Cash

6.92%

Cap Rate

1.09

DSCR

$3,232

Rent

$27

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,232 income − $3,205 expenses = $27 cash flow

Income$3,232Mortgage P&I$1,77555%Property Taxes$1906%Insurance$1214%HOA$201%Management$38812%CapEx$1294%Vacancy$973%Maintenance$1294%Other$35611%Cash Flow$27

Investment Breakdown

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Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,308

Downpayment

20%

$66,960

Closing costs

1%

$3,348

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,232

Total Expenses

$3,205

Mortgage P&I

55%

$1,775

Property Taxes

6%

$190

Home Insurance

4%

$121

HOA

1%

$20

Property Management

12%

$388

CapEx

4%

$129

Vacancy

3%

$97

Maintenance

4%

$129

Other

11%

$356

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