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$2,943 (target)

156 Edgewater Dr NW, Concord, NC 28027

3 beds • 2 baths • 1373 sqft

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This property looks like a bad Mid-Term investment with a projected -5.41% first-year return on $96,078 initial cash invested.

-5.41%

Cash On Cash

5.18%

Cap Rate

0.84

DSCR

$2,943

Rent

-$433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,943 income − $3,376 expenses = $433 out of pocket

Income$2,943Out of Pocket$433Mortgage P&I$1,92065%Property Taxes$29510%Insurance$1335%HOA$271%Management$35312%CapEx$1184%Vacancy$883%Maintenance$1184%Other$32411%

Investment Breakdown

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Purchase Price

$372k

Downpayment

20.0%

Interest Rate

6.7%

Mortgage Duration

30yr.

Cash To Invest

Total

$96,078

Downpayment

20%

$74,360

Closing costs

1%

$3,718

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,943

Total Expenses

$3,376

Mortgage P&I

65%

$1,920

Property Taxes

10%

$295

Home Insurance

5%

$133

HOA

1%

$27

Property Management

12%

$353

CapEx

4%

$118

Vacancy

3%

$88

Maintenance

4%

$118

Other

11%

$324

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