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$1,963 (target)

104 31st Ave NE, Hickory, NC 28601

3 beds • 2 baths • 1952 sqft

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This property looks like a bad Long-Term investment with a projected -13.83% first-year return on $84,840 initial cash invested.

-13.83%

Cash On Cash

3.37%

Cap Rate

0.56

DSCR

$1,963

Rent

-$978

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,963 income − $2,941 expenses = $978 out of pocket

Income$1,963Out of Pocket$978Mortgage P&I$2,014103%Property Taxes$27014%Insurance$1477%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$84,840

Downpayment

20%

$80,800

Closing costs

1%

$4,040

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,963

Total Expenses

$2,941

Mortgage P&I

103%

$2,014

Property Taxes

14%

$270

Home Insurance

7%

$147

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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