REI Lense

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$2,155 (target)

3246 Austin Avenue, New Bern, NC 28562

3 beds • 2 baths • 1758 sqft

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This property looks like a bad Long-Term investment with a projected -8.74% first-year return on $70,308 initial cash invested.

-8.74%

Cash On Cash

4.91%

Cap Rate

0.77

DSCR

$2,155

Rent

-$512

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,155 income − $2,667 expenses = $512 out of pocket

Income$2,155Out of Pocket$512Mortgage P&I$1,77582%Property Taxes$1909%Insurance$1216%HOA$201%Management$21610%CapEx$1085%Vacancy$1296%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$335k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$70,308

Downpayment

20%

$66,960

Closing costs

1%

$3,348

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,155

Total Expenses

$2,667

Mortgage P&I

82%

$1,775

Property Taxes

9%

$190

Home Insurance

6%

$121

HOA

1%

$20

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$129

Maintenance

5%

$108

Other

0%

$0

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