Property Analysis Report

42 Harbor Grove Lane · New Bern, NC 28562

3 beds

2 baths

1,405 sqft

1977

36,485 sqft lot

Renovated 2025 · Partial

Kitchen

appliances

countertops

backsplash

+2 more

Wood frame · Construction

Architectural shingles · Roof

Central air · Cooling

Heat pump · Heating

2 spaces · Parking

Deck

Patio

Report Date: May 2026

Deal Snapshot01

Hover any number for the math behind it. Adjust assumptions to recalculate live.

Underwriting Result

LTR clears $1,627/mo more — both strategies cash-flow positive

LTR wins on cash flow & yield

Long-Term Rental12-month lease

Gross revenue

$60.0k/yr

+$1,627/mo vs STR · after all operating costs

Net cash flow$2,580/mo

Cap rate16.11%

Cash-on-cash47.57%

NOI$49.9k/yr

Short-Term RentalAirbnb · 49.8% occ

Gross revenue

$54.2k/yr

After PITI & operating costs

Net cash flow$953/mo

Cap rate9.81%

Cash-on-cash17.57%

NOI$30.4k/yr

Lender coverage · DSCRLTR2.57xSTR2.32x(allowance × gross income) ÷ PITIA

Bottom line — LTR clears $19.5k more annually here and 2.7× the cash-on-cash return. STR is the upside lever, contingent on occupancy holding.

Long-Termmonthly

Monthly income(gross)+$5,000

Management(8%)$400

Property tax$285

Insurance$180

HOA$0

Consumables—

Electricity—

Water—

Landscaping—

Pool maintenance—

Seasonal lawn care$85

Total expenses$1,640

Net monthly$3,360

Short-Termmonthly

Monthly income(gross)+$4,516

Management(18%)$813

Property tax$285

Insurance$180

HOA$0

Consumables(7.0%)$316

Electricity$220

Water$95

Landscaping$135

Pool maintenance$0

Seasonal lawn care$85

Total expenses$1,800

Net monthly$2,716

The Evidence18 comparable properties within 1.0 miles · last 6 months

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42 Harbor Grove Laneat$220/sqft

Market median price

$310.3k

Market $/sqft

$221

Median size

1,409 sqft

Sample size

6 comps

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Explore these comparables in Comp Lab

Estimated Value

$308k—$310k

Mid-point: $309,000

$206/sqft$231/sqft

Mid-point$309,000

MLS Listing PriceActive

$309,900

vs mid-estimate+0.3%

Monthly Payment (PITI)

$1,945

6.60% rate · 20% down · 30yr

Loan amount$247,200

Total Amount Invested

$64,899

Cash to close + improve

Down payment$61,800

Closing costs$3,099

Rehab$0

Long-Term Rent6 comps

$5,000/mo

$3.56/sqft · 6 LTR comps

Annual gross$60,000

STR Revenue6 comps

$4,516/mo

$302/night · 49.8% occupancy

Annual gross$54,192

Total Return Projection02

Cumulative returns over the hold — equity gain, principal reduction, depreciation, and cash flow modeled for both strategies.

30-Year Outlook

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Total Return:

Equity Gain

$441,024

Principal

$247,200

Depreciation

$235,964

Cash Flow

LTR$928,800

STR$343,080

Total Return

LTR$1,852,988

STR$1,267,268

Reserves & Allowances03

Funds set aside for vacancies, repairs, maintenance, and unexpected expenses — already deducted from the cash flow figures above.

Vacancy Allowance (5%)

$3,000/year

Based on annual gross rent, subtracted before NOI.

Repairs & Maintenance (2%)

$750/year

Reserve for routine upkeep and minor repairs.

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/21/2026