REI Lense

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$1,964 (target)

141 32nd Ave NW, Hickory, NC 28601

3 beds • 3 baths • 1770 sqft

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This property looks like a bad Long-Term investment with a projected -8.42% first-year return on $71,085 initial cash invested.

-8.42%

Cash On Cash

4.48%

Cap Rate

0.76

DSCR

$1,964

Rent

-$499

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,964 income − $2,463 expenses = $499 out of pocket

Income$1,964Out of Pocket$499Mortgage P&I$1,66485%Property Taxes$1849%Insurance$1055%Management$19610%CapEx$985%Vacancy$1186%Maintenance$985%

Investment Breakdown

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Purchase Price

$339k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$71,085

Downpayment

20%

$67,700

Closing costs

1%

$3,385

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,964

Total Expenses

$2,463

Mortgage P&I

85%

$1,664

Property Taxes

9%

$184

Home Insurance

5%

$105

HOA

0%

$0

Property Management

10%

$196

CapEx

5%

$98

Vacancy

6%

$118

Maintenance

5%

$98

Other

0%

$0

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