REI Lense

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$3,240 (target)

7346 Gold Hill Rd, Concord, NC 28025

3 beds • 2 baths • 3120 sqft

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This property looks like a bad Mid-Term investment with a projected -7.93% first-year return on $127k initial cash invested.

-7.93%

Cash On Cash

4.34%

Cap Rate

0.73

DSCR

$3,240

Rent

-$839

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,240 income − $4,079 expenses = $839 out of pocket

Income$3,240Out of Pocket$839Mortgage P&I$2,58780%Property Taxes$2297%Insurance$1615%Management$38912%CapEx$1304%Vacancy$973%Maintenance$1304%Other$35611%

Investment Breakdown

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Purchase Price

$519k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$127k

Downpayment

20%

$104k

Closing costs

1%

$5,188

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,240

Total Expenses

$4,079

Mortgage P&I

80%

$2,587

Property Taxes

7%

$229

Home Insurance

5%

$161

HOA

0%

$0

Property Management

12%

$389

CapEx

4%

$130

Vacancy

3%

$97

Maintenance

4%

$130

Other

11%

$356

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