REI Lense

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$1,788 (target)

4563 Sunchase Ct NW, Concord, NC 28027

3 beds • 2 baths • 1067 sqft

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This property looks like a bad Long-Term investment with a projected -10.14% first-year return on $65,079 initial cash invested.

-10.14%

Cash On Cash

4.3%

Cap Rate

0.71

DSCR

$1,788

Rent

-$550

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,788 income − $2,338 expenses = $550 out of pocket

Income$1,788Out of Pocket$550Mortgage P&I$1,57288%Property Taxes$19211%Insurance$1106%Management$17910%CapEx$895%Vacancy$1076%Maintenance$895%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,079

Downpayment

20%

$61,980

Closing costs

1%

$3,099

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,788

Total Expenses

$2,338

Mortgage P&I

88%

$1,572

Property Taxes

11%

$192

Home Insurance

6%

$110

HOA

0%

$0

Property Management

10%

$179

CapEx

5%

$89

Vacancy

6%

$107

Maintenance

5%

$89

Other

0%

$0

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