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1548 Castell Ln, Hickory, NC 28601

3 beds • 2 baths • 1746 sqft

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This property looks like a bad Long-Term investment with a projected -5.42% first-year return on $65,751 initial cash invested.

-5.42%

Cash On Cash

5.15%

Cap Rate

0.87

DSCR

$1,990

Rent

-$297

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

|

Purchase Price

$313k

Downpayment

20.0%

Interest Rate

6.2%

Mortgage Duration

30yr.

Cash To Invest

Total

$65,751

Downpayment

20%

$62,620

Closing costs

1%

$3,131

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,990

Total Expenses

$2,287

Mortgage P&I

77%

$1,541

Property Taxes

6%

$116

Home Insurance

6%

$112

HOA

0%

$0

Property Management

10%

$199

CapEx

5%

$100

Vacancy

6%

$119

Maintenance

5%

$100

Other

0%

$0

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Comparable Property

Rent

Beds

Baths

SQFT

Distance

1358 31st St NE, Conover, NC 28613

$2,090

3

2.5

1743

1.7 mi

1402 31st Ave NW, Hickory, NC 28601

$2,095

3

2.5

1744

1.7 mi

1431 31st St NE, Conover, NC 28613

$1,795

3

2.5

1743

1.8 mi

1524 31st St NE, Conover, NC 28613

$1,895

3

2.5

1725

1.8 mi

104 W Rancho Del Cerro

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4

2

2380

1.3 mi

1255 S Forest Knoll St

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2

1

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

1255 S Forest Knoll St

$1,100

2

1

2020

0.9 mi

2022 S American St

$2,850

5

4

3030

0.6 mi

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