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370 Summit Ct SE, Concord, NC 28025

3 beds • 2 baths • 1828 sqft

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This property looks like a bad Airbnb investment with a projected -6.1% first-year return on $88,875 initial cash invested.

-6.1%

Cash On Cash

4.84%

Cap Rate

0.8

DSCR

$3,038

Rent

-$452

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$338k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$88,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,038

Total Expenses

$3,490

Mortgage P&I

56%

$1,691

Property Taxes

7%

$221

Home Insurance

4%

$118

HOA

0%

$0

Property Management

15%

$456

CapEx

4%

$122

Vacancy

0%

$0

Maintenance

4%

$122

Other

25%

$760

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