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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 -13.18% first-year return on $109k initial cash invested.

-13.18%

Cash On Cash

2.9%

Cap Rate

0.49

DSCR

$3,052

Rent

-$1,193

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,052 income − $4,245 expenses = $1,193 out of pocket

Income$3,052Out of Pocket$1,193Mortgage P&I$2,11369%Property Taxes$33011%Insurance$1545%HOA$1836%Management$45815%CapEx$1224%Maintenance$1224%Other$76325%

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

$3,052

Total Expenses

$4,245

Mortgage P&I

69%

$2,113

Property Taxes

11%

$330

Home Insurance

5%

$154

HOA

6%

$183

Property Management

15%

$458

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$763

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