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694 Forest St NW, Concord, NC 28025

3 beds • 2 baths • 1679 sqft

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This property looks like a bad Airbnb investment with a projected -5.34% first-year return on $92,550 initial cash invested.

-5.34%

Cash On Cash

4.97%

Cap Rate

0.84

DSCR

$3,273

Rent

-$412

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$355k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$92,550

Downpayment

20%

$71,000

Closing costs

1%

$3,550

Rehab

0%

$0

Furnishing

5%

$18,000

Cashflow

Total Income

$3,273

Total Expenses

$3,685

Mortgage P&I

54%

$1,752

Property Taxes

7%

$238

Home Insurance

4%

$124

HOA

0%

$0

Property Management

15%

$491

CapEx

4%

$131

Vacancy

0%

$0

Maintenance

4%

$131

Other

25%

$818

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