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2120 Irish Potato Rd, Concord, NC 28025

3 beds • 2 baths • 1224 sqft

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This property looks like a bad Long-Term investment with a projected -5.24% first-year return on $55,923 initial cash invested.

-5.24%

Cash On Cash

5.15%

Cap Rate

0.88

DSCR

$1,730

Rent

-$244

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$266k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$55,923

Downpayment

20%

$53,260

Closing costs

1%

$2,663

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,730

Total Expenses

$1,974

Mortgage P&I

75%

$1,301

Property Taxes

8%

$130

Home Insurance

5%

$94

HOA

0%

$0

Property Management

10%

$173

CapEx

5%

$86

Vacancy

6%

$104

Maintenance

5%

$86

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

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2

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2

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1.3 mi

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2

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0.9 mi

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$2,850

5

4

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0.6 mi

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2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

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$2,850

5

4

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0.6 mi

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