REI Lense

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$4,545 (target)

711 Concord Rd, Davidson, NC 28036

3 beds • 2 baths • 2103 sqft

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This property looks like a bad Mid-Term investment with a projected -11.71% first-year return on $190k initial cash invested.

-11.71%

Cash On Cash

3.54%

Cap Rate

0.59

DSCR

$4,545

Rent

-$1,853

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,545 income − $6,398 expenses = $1,853 out of pocket

Income$4,545Out of Pocket$1,853Mortgage P&I$4,08390%Property Taxes$47610%Insurance$2946%Management$54512%CapEx$1824%Vacancy$1363%Maintenance$1824%Other$50011%

Investment Breakdown

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Purchase Price

$818k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$190k

Downpayment

20%

$164k

Closing costs

1%

$8,182

Rehab

0%

$0

Furnishing

2%

$18,000

Cashflow

Total Income

$4,545

Total Expenses

$6,398

Mortgage P&I

90%

$4,083

Property Taxes

10%

$476

Home Insurance

6%

$294

HOA

0%

$0

Property Management

12%

$545

CapEx

4%

$182

Vacancy

3%

$136

Maintenance

4%

$182

Other

11%

$500

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