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$4,268 (target)

977 Bellegray Ln NW, Concord, NC 28027

3 beds • 3 baths • 2697 sqft

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This property looks like a bad Mid-Term investment with a projected -11.05% first-year return on $163k initial cash invested.

-11.05%

Cash On Cash

3.73%

Cap Rate

0.62

DSCR

$4,268

Rent

-$1,501

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$4,268 income − $5,769 expenses = $1,501 out of pocket

Income$4,268Out of Pocket$1,501Mortgage P&I$3,47881%Property Taxes$53012%Insurance$2486%HOA$621%Management$51212%CapEx$1714%Vacancy$1283%Maintenance$1714%Other$46911%

Investment Breakdown

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Purchase Price

$691k

Downpayment

20.0%

Interest Rate

6.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$163k

Downpayment

20%

$138k

Closing costs

1%

$6,908

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$4,268

Total Expenses

$5,769

Mortgage P&I

81%

$3,478

Property Taxes

12%

$530

Home Insurance

6%

$248

HOA

1%

$62

Property Management

12%

$512

CapEx

4%

$171

Vacancy

3%

$128

Maintenance

4%

$171

Other

11%

$469

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