REI Lense

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$2,160 (target)

7346 Gold Hill Rd, Concord, NC 28025

3 beds • 2 baths • 3120 sqft

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This property looks like a bad Long-Term investment with a projected -15.19% first-year return on $109k initial cash invested.

-15.19%

Cash On Cash

3.04%

Cap Rate

0.51

DSCR

$2,160

Rent

-$1,379

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,160 income − $3,539 expenses = $1,379 out of pocket

Income$2,160Out of Pocket$1,379Mortgage P&I$2,587120%Property Taxes$22911%Insurance$1617%Management$21610%CapEx$1085%Vacancy$1306%Maintenance$1085%

Investment Breakdown

|

Purchase Price

$519k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$109k

Downpayment

20%

$104k

Closing costs

1%

$5,188

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,160

Total Expenses

$3,539

Mortgage P&I

120%

$2,587

Property Taxes

11%

$229

Home Insurance

7%

$161

HOA

0%

$0

Property Management

10%

$216

CapEx

5%

$108

Vacancy

6%

$130

Maintenance

5%

$108

Other

0%

$0

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