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3970 Tenneyson Ct NW, Concord, NC 28027

3 beds • 3 baths • 2384 sqft

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This property looks like a bad Airbnb investment with a projected -14.99% first-year return on $110k initial cash invested.

-14.99%

Cash On Cash

2.53%

Cap Rate

0.42

DSCR

$2,468

Rent

-$1,376

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,468 income − $3,844 expenses = $1,376 out of pocket

Income$2,468Out of Pocket$1,376Mortgage P&I$2,20189%Property Taxes$28412%Insurance$1566%HOA$181%Management$37015%CapEx$994%Maintenance$994%Other$61725%

Investment Breakdown

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Purchase Price

$439k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$110k

Downpayment

20%

$87,800

Closing costs

1%

$4,390

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,468

Total Expenses

$3,844

Mortgage P&I

89%

$2,201

Property Taxes

12%

$284

Home Insurance

6%

$156

HOA

1%

$18

Property Management

15%

$370

CapEx

4%

$99

Vacancy

0%

$0

Maintenance

4%

$99

Other

25%

$617

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