REI Lense

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$2,100 (target)

903 Plantation Drive, New Bern, NC 28562

3 beds • 2 baths • 1850 sqft

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This property looks like a bad Long-Term investment with a projected -7.42% first-year return on $73,248 initial cash invested.

-7.42%

Cash On Cash

4.75%

Cap Rate

0.8

DSCR

$2,100

Rent

-$453

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,100 income − $2,553 expenses = $453 out of pocket

Income$2,100Out of Pocket$453Mortgage P&I$1,72982%Property Taxes$1598%Insurance$1196%Management$21010%CapEx$1055%Vacancy$1266%Maintenance$1055%

Investment Breakdown

|

Purchase Price

$349k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$73,248

Downpayment

20%

$69,760

Closing costs

1%

$3,488

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,100

Total Expenses

$2,553

Mortgage P&I

82%

$1,729

Property Taxes

8%

$159

Home Insurance

6%

$119

HOA

0%

$0

Property Management

10%

$210

CapEx

5%

$105

Vacancy

6%

$126

Maintenance

5%

$105

Other

0%

$0

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