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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 -10.63% first-year return on $103k initial cash invested.

-10.63%

Cash On Cash

3.62%

Cap Rate

0.61

DSCR

$2,924

Rent

-$911

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,924 income − $3,835 expenses = $911 out of pocket

Income$2,924Out of Pocket$911Mortgage P&I$2,01469%Property Taxes$2709%Insurance$1475%Management$43915%CapEx$1174%Maintenance$1174%Other$73125%

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

$2,924

Total Expenses

$3,835

Mortgage P&I

69%

$2,014

Property Taxes

9%

$270

Home Insurance

5%

$147

HOA

0%

$0

Property Management

15%

$439

CapEx

4%

$117

Vacancy

0%

$0

Maintenance

4%

$117

Other

25%

$731

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