REI Lense

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$3,711 (target)

3509 Alister Ave SW, Concord, NC 28027

3 beds • 2 baths • 2188 sqft

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This property looks like a bad Mid-Term investment with a projected -2.33% first-year return on $107k initial cash invested.

-2.33%

Cash On Cash

5.83%

Cap Rate

0.97

DSCR

$3,711

Rent

-$207

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,711 income − $3,918 expenses = $207 out of pocket

Income$3,711Out of Pocket$207Mortgage P&I$2,11457%Property Taxes$3329%Insurance$1504%HOA$622%Management$44512%CapEx$1484%Vacancy$1113%Maintenance$1484%Other$40811%

Investment Breakdown

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Purchase Price

$423k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$107k

Downpayment

20%

$84,600

Closing costs

1%

$4,230

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,711

Total Expenses

$3,918

Mortgage P&I

57%

$2,114

Property Taxes

9%

$332

Home Insurance

4%

$150

HOA

2%

$62

Property Management

12%

$445

CapEx

4%

$148

Vacancy

3%

$111

Maintenance

4%

$148

Other

11%

$408

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