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1750 29th Avenue Pl NE, Hickory, NC 28601

3 beds • 3 baths • 2431 sqft

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This property looks like a bad Airbnb investment with a projected -5.1% first-year return on $79,950 initial cash invested.

-5.1%

Cash On Cash

5.67%

Cap Rate

0.86

DSCR

$2,972

Rent

-$340

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$2,972 income − $3,312 expenses = $340 out of pocket

Income$2,972Out of Pocket$340Mortgage P&I$1,61654%Property Taxes$1666%Insurance$1033%Management$44615%CapEx$1194%Maintenance$1194%Other$74325%

Investment Breakdown

|

Purchase Price

$295k

Downpayment

20.0%

Interest Rate

7.3%

Mortgage Duration

30yr.

Cash To Invest

Total

$79,950

Downpayment

20%

$59,000

Closing costs

1%

$2,950

Rehab

0%

$0

Furnishing

6%

$18,000

Cashflow

Total Income

$2,972

Total Expenses

$3,312

Mortgage P&I

54%

$1,616

Property Taxes

6%

$166

Home Insurance

3%

$103

HOA

0%

$0

Property Management

15%

$446

CapEx

4%

$119

Vacancy

0%

$0

Maintenance

4%

$119

Other

25%

$743

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