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509 Metcalf Street, New Bern, NC 28560

3 beds • 3 baths • 2598 sqft

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This property looks like a bad Airbnb investment with a projected -13.24% first-year return on $121k initial cash invested.

-13.24%

Cash On Cash

3.18%

Cap Rate

0.52

DSCR

$3,379

Rent

-$1,336

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,379 income − $4,715 expenses = $1,336 out of pocket

Income$3,379Out of Pocket$1,336Mortgage P&I$2,50374%Property Taxes$35611%Insurance$2347%Management$50715%CapEx$1354%Maintenance$1354%Other$84525%

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

$3,379

Total Expenses

$4,715

Mortgage P&I

74%

$2,503

Property Taxes

11%

$356

Home Insurance

7%

$234

HOA

0%

$0

Property Management

15%

$507

CapEx

4%

$135

Vacancy

0%

$0

Maintenance

4%

$135

Other

25%

$845

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