REI Lense

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$2,084 (target)

1335 Soothing Ct NW, Concord, NC 28027

3 beds • 3 baths • 1972 sqft

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This property looks like a bad Long-Term investment with a projected -13.31% first-year return on $80,430 initial cash invested.

-13.31%

Cash On Cash

3.69%

Cap Rate

0.6

DSCR

$2,084

Rent

-$892

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,084 income − $2,976 expenses = $892 out of pocket

Income$2,084Out of Pocket$892Mortgage P&I$1,96694%Property Taxes$29914%Insurance$1407%HOA$301%Management$20810%CapEx$1045%Vacancy$1256%Maintenance$1045%

Investment Breakdown

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Purchase Price

$383k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$80,430

Downpayment

20%

$76,600

Closing costs

1%

$3,830

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,084

Total Expenses

$2,976

Mortgage P&I

94%

$1,966

Property Taxes

14%

$299

Home Insurance

7%

$140

HOA

1%

$30

Property Management

10%

$208

CapEx

5%

$104

Vacancy

6%

$125

Maintenance

5%

$104

Other

0%

$0

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