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1112 Thoroughbred Pl NW, Concord, NC 28027

3 beds • 4 baths • 1932 sqft

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This property looks like a bad Airbnb investment with a projected -7.45% first-year return on $91,437 initial cash invested.

-7.45%

Cash On Cash

4.49%

Cap Rate

0.75

DSCR

$3,101

Rent

-$568

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$350k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$91,437

Downpayment

20%

$69,940

Closing costs

1%

$3,497

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,101

Total Expenses

$3,669

Mortgage P&I

56%

$1,752

Property Taxes

10%

$305

Home Insurance

4%

$124

HOA

0%

$0

Property Management

15%

$465

CapEx

4%

$124

Vacancy

0%

$0

Maintenance

4%

$124

Other

25%

$775

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