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2636 Ellington St NW, Concord, NC 28027

3 beds • 2 baths • 1926 sqft

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This property looks like a bad Airbnb investment with a projected -13.08% first-year return on $109k initial cash invested.

-13.08%

Cash On Cash

2.93%

Cap Rate

0.5

DSCR

$3,070

Rent

-$1,184

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$432k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$86,300

Closing costs

1%

$4,315

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,070

Total Expenses

$4,254

Mortgage P&I

69%

$2,113

Property Taxes

11%

$330

Home Insurance

5%

$154

HOA

6%

$183

Property Management

15%

$460

CapEx

4%

$123

Vacancy

0%

$0

Maintenance

4%

$123

Other

25%

$768

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