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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 -13.34% first-year return on $121k initial cash invested.

-13.34%

Cash On Cash

3.15%

Cap Rate

0.52

DSCR

$3,358

Rent

-$1,347

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,358 income − $4,705 expenses = $1,347 out of pocket

Income$3,358Out of Pocket$1,347Mortgage P&I$2,50375%Property Taxes$35611%Insurance$2347%Management$50415%CapEx$1344%Maintenance$1344%Other$84025%

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

$3,358

Total Expenses

$4,705

Mortgage P&I

75%

$2,503

Property Taxes

11%

$356

Home Insurance

7%

$234

HOA

0%

$0

Property Management

15%

$504

CapEx

4%

$134

Vacancy

0%

$0

Maintenance

4%

$134

Other

25%

$840

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