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$3,524 (target)

3049 Alveston Dr NW, Concord, NC 28027

3 beds • 2 baths • 1976 sqft

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This property looks like a bad Mid-Term investment with a projected -12.29% first-year return on $140k initial cash invested.

-12.29%

Cash On Cash

3.21%

Cap Rate

0.55

DSCR

$3,524

Rent

-$1,433

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,524 income − $4,957 expenses = $1,433 out of pocket

Income$3,524Out of Pocket$1,433Mortgage P&I$2,84581%Property Taxes$48714%Insurance$2016%HOA$2256%Management$42312%CapEx$1414%Vacancy$1063%Maintenance$1414%Other$38811%

Investment Breakdown

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Purchase Price

$581k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,807

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,524

Total Expenses

$4,957

Mortgage P&I

81%

$2,845

Property Taxes

14%

$487

Home Insurance

6%

$201

HOA

6%

$225

Property Management

12%

$423

CapEx

4%

$141

Vacancy

3%

$106

Maintenance

4%

$141

Other

11%

$388

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