REI Lense

REI Lense

Unlock all features! Tap here to upgrade

img

370 Summit Ct SE, Concord, NC 28025

3 beds • 2 baths • 1828 sqft

Email

This property looks like a bad Long-Term investment with a projected -10.67% first-year return on $70,875 initial cash invested.

-10.67%

Cash On Cash

4.11%

Cap Rate

0.68

DSCR

$1,890

Rent

-$630

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

$70,875

Downpayment

20%

$67,500

Closing costs

1%

$3,375

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,890

Total Expenses

$2,520

Mortgage P&I

89%

$1,691

Property Taxes

12%

$221

Home Insurance

6%

$118

HOA

0%

$0

Property Management

10%

$189

CapEx

5%

$94

Vacancy

6%

$113

Maintenance

5%

$94

Other

0%

$0

Loading map...

Comparable Property

Rent

Beds

Baths

SQFT

Distance

131 Glendale Ave SE, Concord, NC 28025

$1,380

3

2

1750

0.5 mi

220 Hahn Pl SE, Concord, NC 28025

$1,900

3

2

1991

0.6 mi

363 Corban Ave SE, Concord, NC 28025

$1,695

3

2

1526

0.2 mi

353 Ann St NW, Concord, NC 28025

$2,100

3

2

1700

2 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