REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

3396 Farm Lake Dr SW, Concord, NC 28027

3 beds • 2 baths • 1068 sqft

Email

This property looks like a bad Long-Term investment with a projected -10.91% first-year return on $63,000 initial cash invested.

-10.91%

Cash On Cash

4.06%

Cap Rate

0.67

DSCR

$1,680

Rent

-$573

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$300k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$63,000

Downpayment

20%

$60,000

Closing costs

1%

$3,000

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,680

Total Expenses

$2,253

Mortgage P&I

90%

$1,504

Property Taxes

12%

$207

Home Insurance

6%

$105

HOA

0%

$0

Property Management

10%

$168

CapEx

5%

$84

Vacancy

6%

$101

Maintenance

5%

$84

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

489 Union Cemetery Rd SW, Concord, NC 28027

$1,585

3

2

1100

1.3 mi

705 Continental Dr, Concord, NC 28025

$1,679

3

2

1060

2.3 mi

1040 Rembrandt Dr SW, Concord, NC 28027

$1,795

3

2

1260

0.1 mi

519 Railway Pl SW, Concord, NC 28025

$1,580

3

2

1150

1.4 mi

104 W Rancho Del Cerro

$2,500

4

2

2380

1.3 mi

1255 S Forest Knoll St

$1,100

2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

Enter a Property Address for Instant Investment Analysis

Fast and accurate real estate investment analysis