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185 Hillcrest Ave SE, Concord, NC 28025

3 beds • 2 baths • 2777 sqft

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This property looks like a bad Airbnb investment with a projected -18.63% first-year return on $149k initial cash invested.

-18.63%

Cash On Cash

1.75%

Cap Rate

0.29

DSCR

$2,723

Rent

-$2,310

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,723 income − $5,033 expenses = $2,310 out of pocket

Income$2,723Out of Pocket$2,310Mortgage P&I$3,109114%Property Taxes$40315%Insurance$2148%Management$40815%CapEx$1094%Maintenance$1094%Other$68125%

Investment Breakdown

|

Purchase Price

$623k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$149k

Downpayment

20%

$125k

Closing costs

1%

$6,229

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,723

Total Expenses

$5,033

Mortgage P&I

114%

$3,109

Property Taxes

15%

$403

Home Insurance

8%

$214

HOA

0%

$0

Property Management

15%

$408

CapEx

4%

$109

Vacancy

0%

$0

Maintenance

4%

$109

Other

25%

$681

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