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2458 Thorn Spring Ln, Concord, NC 28025

3 beds • 2 baths • 1308 sqft

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This property looks like a bad Airbnb investment with a projected -8.39% first-year return on $90,534 initial cash invested.

-8.39%

Cash On Cash

4.12%

Cap Rate

0.7

DSCR

$2,885

Rent

-$633

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,885 income − $3,518 expenses = $633 out of pocket

Income$2,885Out of Pocket$633Mortgage P&I$1,70559%Property Taxes$27910%Insurance$1224%HOA$281%Management$43315%CapEx$1154%Maintenance$1154%Other$72125%

Investment Breakdown

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Purchase Price

$345k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$90,534

Downpayment

20%

$69,080

Closing costs

1%

$3,454

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,885

Total Expenses

$3,518

Mortgage P&I

59%

$1,705

Property Taxes

10%

$279

Home Insurance

4%

$122

HOA

1%

$28

Property Management

15%

$433

CapEx

4%

$115

Vacancy

0%

$0

Maintenance

4%

$115

Other

25%

$721

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