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$3,633 (target)

1750 29th Avenue Pl NE, Hickory, NC 28601

3 beds • 3 baths • 2431 sqft

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This property might be a fair Mid-Term investment with a projected 7.7% first-year return on $79,950 initial cash invested.

7.7%

Cash On Cash

9.25%

Cap Rate

1.41

DSCR

$3,633

Rent

$513

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$3,633 income − $3,120 expenses = $513 cash flow

Income$3,633Mortgage P&I$1,61644%Property Taxes$1665%Insurance$1033%Management$43612%CapEx$1454%Vacancy$1093%Maintenance$1454%Other$40011%Cash Flow$513

Investment Breakdown

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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

$3,633

Total Expenses

$3,120

Mortgage P&I

44%

$1,616

Property Taxes

5%

$166

Home Insurance

3%

$103

HOA

0%

$0

Property Management

12%

$436

CapEx

4%

$145

Vacancy

3%

$109

Maintenance

4%

$145

Other

11%

$400

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