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822 Rubens Rd SW, Concord, NC 28027

3 beds • 2 baths • 1400 sqft

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This property looks like a bad Airbnb investment with a projected -7.88% first-year return on $83,016 initial cash invested.

-7.88%

Cash On Cash

4.3%

Cap Rate

0.72

DSCR

$2,618

Rent

-$545

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,618 income − $3,163 expenses = $545 out of pocket

Income$2,618Out of Pocket$545Mortgage P&I$1,54959%Property Taxes$2369%Insurance$1215%Management$39315%CapEx$1054%Maintenance$1054%Other$65425%

Investment Breakdown

|

Purchase Price

$310k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$83,016

Downpayment

20%

$61,920

Closing costs

1%

$3,096

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,618

Total Expenses

$3,163

Mortgage P&I

59%

$1,549

Property Taxes

9%

$236

Home Insurance

5%

$121

HOA

0%

$0

Property Management

15%

$393

CapEx

4%

$105

Vacancy

0%

$0

Maintenance

4%

$105

Other

25%

$654

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