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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 -8.28% first-year return on $90,534 initial cash invested.

-8.28%

Cash On Cash

4.16%

Cap Rate

0.7

DSCR

$2,902

Rent

-$625

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

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

$2,902

Total Expenses

$3,527

Mortgage P&I

59%

$1,705

Property Taxes

10%

$279

Home Insurance

4%

$122

HOA

1%

$28

Property Management

15%

$435

CapEx

4%

$116

Vacancy

0%

$0

Maintenance

4%

$116

Other

25%

$726

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