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104 31st Ave NE, Hickory, NC 28601

3 beds • 2 baths • 1952 sqft

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This property looks like a bad Airbnb investment with a projected -11.3% first-year return on $103k initial cash invested.

-11.3%

Cash On Cash

3.44%

Cap Rate

0.57

DSCR

$2,812

Rent

-$968

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,812 income − $3,780 expenses = $968 out of pocket

Income$2,812Out of Pocket$968Mortgage P&I$2,01472%Property Taxes$27010%Insurance$1475%Management$42215%CapEx$1124%Maintenance$1124%Other$70325%

Investment Breakdown

|

Purchase Price

$404k

Downpayment

20.0%

Interest Rate

6.4%

Mortgage Duration

30yr.

Cash To Invest

Total

$103k

Downpayment

20%

$80,800

Closing costs

1%

$4,040

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$2,812

Total Expenses

$3,780

Mortgage P&I

72%

$2,014

Property Taxes

10%

$270

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$422

CapEx

4%

$112

Vacancy

0%

$0

Maintenance

4%

$112

Other

25%

$703

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