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9639 Lockwood Rd, Concord, NC 28027

3 beds • 3 baths • 2655 sqft

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This property looks like a bad Long-Term investment with a projected -14.13% first-year return on $111k initial cash invested.

-14.13%

Cash On Cash

3.17%

Cap Rate

0.54

DSCR

$2,719

Rent

-$1,308

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$529k

Downpayment

20.0%

Interest Rate

6.1%

Mortgage Duration

30yr.

Cash To Invest

Total

$111k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,719

Total Expenses

$4,027

Mortgage P&I

94%

$2,568

Property Taxes

18%

$500

Home Insurance

7%

$187

HOA

2%

$65

Property Management

10%

$272

CapEx

5%

$136

Vacancy

6%

$163

Maintenance

5%

$136

Other

0%

$0

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