REI Lense

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$3,105 (target)

3800 Centergrove Rd, Concord, NC 28025

3 beds • 3 baths • 3424 sqft

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This property looks like a bad Mid-Term investment with a projected -9.63% first-year return on $129k initial cash invested.

-9.63%

Cash On Cash

3.86%

Cap Rate

0.65

DSCR

$3,105

Rent

-$1,032

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,105 income − $4,137 expenses = $1,032 out of pocket

Income$3,105Out of Pocket$1,032Mortgage P&I$2,60484%Property Taxes$2729%Insurance$2057%Management$37312%CapEx$1244%Vacancy$933%Maintenance$1244%Other$34211%

Investment Breakdown

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Purchase Price

$527k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$129k

Downpayment

20%

$105k

Closing costs

1%

$5,266

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,105

Total Expenses

$4,137

Mortgage P&I

84%

$2,604

Property Taxes

9%

$272

Home Insurance

7%

$205

HOA

0%

$0

Property Management

12%

$373

CapEx

4%

$124

Vacancy

3%

$93

Maintenance

4%

$124

Other

11%

$342

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