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1021 Horse Rock Rd #42, Hickory, NC 28602

3 beds • 3 baths • 2775 sqft

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This property looks like a bad Airbnb investment with a projected -18.53% first-year return on $140k initial cash invested.

-18.53%

Cash On Cash

1.58%

Cap Rate

0.27

DSCR

$2,260

Rent

-$2,156

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$579k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$140k

Downpayment

20%

$116k

Closing costs

1%

$5,790

Rehab

0%

$0

Furnishing

3%

$18,000

Cashflow

Total Income

$2,260

Total Expenses

$4,416

Mortgage P&I

125%

$2,829

Property Taxes

12%

$275

Home Insurance

9%

$203

HOA

1%

$25

Property Management

15%

$339

CapEx

4%

$90

Vacancy

0%

$0

Maintenance

4%

$90

Other

25%

$565

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