REI Lense

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$2,324 (target)

421 Frida Road, New Bern, NC 28560

3 beds • 3 baths • 2264 sqft

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This property looks like a bad Mid-Term investment with a projected -4.21% first-year return on $78,711 initial cash invested.

-4.21%

Cash On Cash

5.25%

Cap Rate

0.87

DSCR

$2,324

Rent

-$276

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,324 income − $2,600 expenses = $276 out of pocket

Income$2,324Out of Pocket$276Mortgage P&I$1,44762%Property Taxes$2069%Insurance$1105%HOA$462%Management$27912%CapEx$934%Vacancy$703%Maintenance$934%Other$25611%

Investment Breakdown

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Purchase Price

$289k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$78,711

Downpayment

20%

$57,820

Closing costs

1%

$2,891

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,324

Total Expenses

$2,600

Mortgage P&I

62%

$1,447

Property Taxes

9%

$206

Home Insurance

5%

$110

HOA

2%

$46

Property Management

12%

$279

CapEx

4%

$93

Vacancy

3%

$70

Maintenance

4%

$93

Other

11%

$256

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