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824 Pelican Drive, New Bern, NC 28560

3 beds • 2 baths • 2400 sqft

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This property might be a fair Mid-Term investment with a projected 4.24% first-year return on $85,704 initial cash invested.

4.24%

Cash On Cash

7.54%

Cap Rate

1.28

DSCR

$3,438

Rent

$303

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

$3,438

Total Expenses

$3,135

Mortgage P&I

46%

$1,586

Property Taxes

3%

$111

Home Insurance

4%

$144

HOA

4%

$124

Property Management

12%

$413

CapEx

4%

$138

Vacancy

3%

$103

Maintenance

4%

$138

Other

11%

$378

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