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$2,493 (target)

1068 14th Ave NW, Hickory, NC 28601

3 beds • 2 baths • 1204 sqft

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This property might be a fair Mid-Term investment with a projected 3.5% first-year return on $64,473 initial cash invested.

3.5%

Cash On Cash

8.26%

Cap Rate

1.23

DSCR

$2,493

Rent

$188

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,493 income − $2,305 expenses = $188 cash flow

Income$2,493Mortgage P&I$1,23650%Property Taxes$1426%Insurance$793%Management$29912%CapEx$1004%Vacancy$753%Maintenance$1004%Other$27411%Cash Flow$188

Investment Breakdown

|

Purchase Price

$221k

Downpayment

20.0%

Interest Rate

7.5%

Mortgage Duration

30yr.

Cash To Invest

Total

$64,473

Downpayment

20%

$44,260

Closing costs

1%

$2,213

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,493

Total Expenses

$2,305

Mortgage P&I

50%

$1,236

Property Taxes

6%

$142

Home Insurance

3%

$79

HOA

0%

$0

Property Management

12%

$299

CapEx

4%

$100

Vacancy

3%

$75

Maintenance

4%

$100

Other

11%

$274

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