REI Lense

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$2,830 (target)

1245 34th Ave NE, Hickory, NC 28601

3 beds • 5 baths • 4711 sqft

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This property looks like a bad Long-Term investment with a projected -15.17% first-year return on $139k initial cash invested.

-15.17%

Cash On Cash

2.98%

Cap Rate

0.5

DSCR

$2,830

Rent

-$1,760

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,830 income − $4,590 expenses = $1,760 out of pocket

Income$2,830Out of Pocket$1,760Mortgage P&I$3,266115%Property Taxes$34612%Insurance$2419%Management$28310%CapEx$1425%Vacancy$1706%Maintenance$1425%

Investment Breakdown

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Purchase Price

$663k

Downpayment

20.0%

Interest Rate

6.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$139k

Downpayment

20%

$133k

Closing costs

1%

$6,631

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$2,830

Total Expenses

$4,590

Mortgage P&I

115%

$3,266

Property Taxes

12%

$346

Home Insurance

9%

$241

HOA

0%

$0

Property Management

10%

$283

CapEx

5%

$142

Vacancy

6%

$170

Maintenance

5%

$142

Other

0%

$0

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