REI Lense

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$3,388 (target)

114 6th Ave NE, Hickory, NC 28601

3 beds • 3 baths • 2518 sqft

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This property looks like a bad Mid-Term investment with a projected -4.5% first-year return on $106k initial cash invested.

-4.5%

Cash On Cash

5.59%

Cap Rate

0.88

DSCR

$3,388

Rent

-$396

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,388 income − $3,784 expenses = $396 out of pocket

Income$3,388Out of Pocket$396Mortgage P&I$2,20065%Property Taxes$2628%Insurance$1685%Management$40712%CapEx$1364%Vacancy$1023%Maintenance$1364%Other$37311%

Investment Breakdown

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Purchase Price

$417k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$106k

Downpayment

20%

$83,340

Closing costs

1%

$4,167

Rehab

0%

$0

Furnishing

4%

$18,000

Cashflow

Total Income

$3,388

Total Expenses

$3,784

Mortgage P&I

65%

$2,200

Property Taxes

8%

$262

Home Insurance

5%

$168

HOA

0%

$0

Property Management

12%

$407

CapEx

4%

$136

Vacancy

3%

$102

Maintenance

4%

$136

Other

11%

$373

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