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1050 Old Charlotte Rd, Concord, NC 28027

3 beds • 2 baths • 1772 sqft

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This property looks like a bad Long-Term investment with a projected -12.12% first-year return on $75,768 initial cash invested.

-12.12%

Cash On Cash

3.64%

Cap Rate

0.62

DSCR

$1,866

Rent

-$765

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$361k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$75,768

Downpayment

20%

$72,160

Closing costs

1%

$3,608

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,866

Total Expenses

$2,631

Mortgage P&I

95%

$1,767

Property Taxes

14%

$262

Home Insurance

6%

$117

HOA

0%

$0

Property Management

10%

$187

CapEx

5%

$93

Vacancy

6%

$112

Maintenance

5%

$93

Other

0%

$0

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