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$2,853 (target)

3626 Farm Lake Dr SW, Concord, NC 28027

3 beds • 2 baths • 1437 sqft

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This property looks like a bad Mid-Term investment with a projected -1.59% first-year return on $86,838 initial cash invested.

-1.59%

Cash On Cash

5.99%

Cap Rate

1

DSCR

$2,853

Rent

-$115

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,853 income − $2,968 expenses = $115 out of pocket

Income$2,853Out of Pocket$115Mortgage P&I$1,63657%Property Taxes$2529%Insurance$1104%Management$34212%CapEx$1144%Vacancy$863%Maintenance$1144%Other$31411%

Investment Breakdown

|

Purchase Price

$328k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$86,838

Downpayment

20%

$65,560

Closing costs

1%

$3,278

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$2,853

Total Expenses

$2,968

Mortgage P&I

57%

$1,636

Property Taxes

9%

$252

Home Insurance

4%

$110

HOA

0%

$0

Property Management

12%

$342

CapEx

4%

$114

Vacancy

3%

$86

Maintenance

4%

$114

Other

11%

$314

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