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$3,056 (target)

409 Neuchatel Road, New Bern, NC 28562

3 beds • 2 baths • 1929 sqft

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This property looks like a bad Mid-Term investment with a projected -2.17% first-year return on $92,004 initial cash invested.

-2.17%

Cash On Cash

5.74%

Cap Rate

0.97

DSCR

$3,056

Rent

-$166

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,056 income − $3,222 expenses = $166 out of pocket

Income$3,056Out of Pocket$166Mortgage P&I$1,73057%Property Taxes$2107%Insurance$1284%HOA$1154%Management$36712%CapEx$1224%Vacancy$923%Maintenance$1224%Other$33611%

Investment Breakdown

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Purchase Price

$352k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,004

Downpayment

20%

$70,480

Closing costs

1%

$3,524

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,056

Total Expenses

$3,222

Mortgage P&I

57%

$1,730

Property Taxes

7%

$210

Home Insurance

4%

$128

HOA

4%

$115

Property Management

12%

$367

CapEx

4%

$122

Vacancy

3%

$92

Maintenance

4%

$122

Other

11%

$336

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