REI Lense

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$3,207 (target)

509 Metcalf Street, New Bern, NC 28560

3 beds • 3 baths • 2598 sqft

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This property looks like a bad Mid-Term investment with a projected -9.67% first-year return on $121k initial cash invested.

-9.67%

Cash On Cash

4.04%

Cap Rate

0.66

DSCR

$3,207

Rent

-$976

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,207 income − $4,183 expenses = $976 out of pocket

Income$3,207Out of Pocket$976Mortgage P&I$2,50378%Property Taxes$35611%Insurance$2347%Management$38512%CapEx$1284%Vacancy$963%Maintenance$1284%Other$35311%

Investment Breakdown

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Purchase Price

$491k

Downpayment

20.0%

Interest Rate

6.6%

Mortgage Duration

30yr.

Cash To Invest

Total

$121k

Downpayment

20%

$98,220

Closing costs

1%

$4,911

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,207

Total Expenses

$4,183

Mortgage P&I

78%

$2,503

Property Taxes

11%

$356

Home Insurance

7%

$234

HOA

0%

$0

Property Management

12%

$385

CapEx

4%

$128

Vacancy

3%

$96

Maintenance

4%

$128

Other

11%

$353

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