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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 Airbnb investment with a projected -12.7% first-year return on $129k initial cash invested.

-12.7%

Cash On Cash

3.07%

Cap Rate

0.53

DSCR

$3,758

Rent

-$1,366

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

$129k

Downpayment

20%

$106k

Closing costs

1%

$5,290

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$3,758

Total Expenses

$5,124

Mortgage P&I

68%

$2,568

Property Taxes

13%

$500

Home Insurance

5%

$187

HOA

2%

$65

Property Management

15%

$564

CapEx

4%

$150

Vacancy

0%

$0

Maintenance

4%

$150

Other

25%

$940

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