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824 Pelican Drive, New Bern, NC 28560

3 beds • 2 baths • 2400 sqft

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This property looks like a bad Airbnb investment with a projected -10.78% first-year return on $85,704 initial cash invested.

-10.78%

Cash On Cash

3.38%

Cap Rate

0.57

DSCR

$2,298

Rent

-$770

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$322k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$85,704

Downpayment

20%

$64,480

Closing costs

1%

$3,224

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,298

Total Expenses

$3,068

Mortgage P&I

69%

$1,586

Property Taxes

5%

$111

Home Insurance

6%

$144

HOA

5%

$124

Property Management

15%

$345

CapEx

4%

$92

Vacancy

0%

$0

Maintenance

4%

$92

Other

25%

$574

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